Renovation almost finished, where too?

[Travis Mccarney]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $20,000
Cash invested: $100,000

So, I am wrapping up my first renovation. *Whew* It was a long and hard struggle, especially passing inspections, but I've made it through the mud. I have been giving it all of my spare time for the last 18 months. I planned on fixing it up and renting it out. Due to unforseen circumstances with the city and personal life I moved in. Total investment is near 100-105k. Now I'm exploring options to pull value out for more investments!

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

Purchase price and current market for housing.

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

Friend needed help financially and was willing to part with his project home.

How did you finance this deal?

Personal loan

Lessons learned? Challenges?

Full renovations can be very tough and time consuming without good contractors and experience.