Crazy first rehab project went well!

[Saif Jalali]

Investment Info:

Single-family residence buy & hold investment in Tampa.

Purchase price: $240,000

If “being thrown in the deep end” was a project, this would be it. After my mother passed away a decade ago, this home fell into disrepair. 6 months ago, having now qualified as an attorney and having a stable cash flow, I decided to rehab the home whilst living in England (the home is in Florida). Given that I am 24, with no prior experience in real-estate and no family to help me, this was a huge project to undertake (alongside a very demanding job). I could not be happier with the result.

This was my first real estate project and, although it was immensely challenging doing so from abroad, I am lucky to have had a very strong team around me to help see this project through. It has also given me the real-estate bug. Having done a project of this size for my first attempt (and having done it successfully), I want to leverage the experience and connections that I have made to do real-estate flipping full time in and around the Tampa, Florida area. 

What was the outcome?

Currently rented out.

Lessons learned? Challenges?

How to implement appropriate lines of communication.

How to delegate and project manage remotely.