Before and after of a $30ish K rental property

[Sharad M.]

I picked up this property for about $33.5k and put about $14,000 into the house. I bought it in mid Feb and have a tenant moving in on Tuesday, April 1 for $1,095. The first tenant who came looked at it put an application and everything came back okay.

The house has new roof, new hot water tank, new flooring and new paint throughout. The biggest expense was the roof.

Total investment - $47,500

Gross return - 27.6%

Net return - 13.8%

ARV - $85,000

[Sharad M.]

Originally posted by @Account Closed:

@Sharad M.

Now I know the Secret ! :)

1 You find a nice deal

2 Do a quick fix up

3 discounted materials and labor

4 rent to the first one who looks at it !!

Sound like things are going great.

Hey, you were supposed to pay $997 for the first secret and pay in excess of $25,000 to attend my seminars before you discovered the other secrets!!

I demand an immediate payment!!