New buy & hold in Davenport, IA

[Matt Saxton]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $121,000
Cash invested: $42,000

3 bed, 1.5 bath ranch home with single car attached garage
Completely remodeled in 2021: new roof & gutters, new windows, new flooring with LVP on main floor and carpet in basement, new lighting, walls & ceilings painted, new kitchen counter, painted kitchen cabinets white, new shower/tub & toilets & vanities in bathrooms

How did you find this deal and how did you negotiate it?

Found on MLS and negotiated through realtor

How did you finance this deal?

HELOC for purchase & cash out refinance

How did you add value to the deal?

Completely remodeled home & lots of sweat equity