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Updated almost 3 years ago,

Brett Lambert's profile image
Brett Lambert's profile image
Brett Lambert
  • Rental Property Investor
  • from Grand Rapids, MI
  • Member since Mar 8, 2018
  • Posts 14
  • Votes 19
  • Experience 6 Yrs
  • Investments 10
Connect

User Stats

14
Posts
19
Votes
Brett Lambert's profile image
Brett Lambert's profile image
Brett Lambert
  • Rental Property Investor
  • from Grand Rapids, MI
  • Member since Mar 8, 2018
  • Posts 14
  • Votes 19
  • Experience 6 Yrs
  • Investments 10
Connect
Brett Lambert
  • Rental Property Investor
  • Grand Rapids, MI
19
Votes |
14
Posts
Real Estate Deal Analysis & Advice

Medical Mile BRRRR and Foundation fix!

Brett Lambert
  • Rental Property Investor
  • Grand Rapids, MI
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $130,000
Cash invested: $70,000

Medical Mile BRRRR. A beautiful old home that was serious foundational issues...

Cost us around 20k to jack up the foundation and raise the corner of the home 6 INCHES! IT WAS CRAZY.

after the foundation was secured, we did a full rehab in there. added a second full BA downstairs. Bought it for 130k, it appraised for 330k 5 months later!! pulled all of our money out!

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