First rehab out of state

[Danilo Moreno]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $365,000
Cash invested: $73,000

What made you interested in investing in this type of deal?

This was our first out-of-state rehab deal. While we did not have any experience rehabbing properties, we decided to purchase this property and inject some additional equity to make it more attractive for our customers.

How did you finance this deal?

Conventional lending

How did you add value to the deal?

Rehabbed floors, kitchen, walls, patio, and fence.