chaos before the calm =my second live in renovation!

[Amber Krueger]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $164,000
Cash invested: $8,000

mudding and drywalling, opened up kitchen, bathroom remodel, floors, paint, roof, landscaping, updated garage (insulation, heat, paint, redo face with cedar and stain)

The home has 1 bathroom. The shower doubled as a dishwasher and the office doubled as a kitchen for some time!

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

I was ready for the next project and loved the neighborhood. I knew I would enjoy living there once it was complete and that resale would also be great.

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

MLS! It sat on the market because it was an ugly house in January

How did you finance this deal?

FHA

How did you add value to the deal?

full remodel

What was the outcome?

I have a great place to live, rent out, and/or pull equity out of for my next deal! I could also sell and take advantage of the fact that I don't pay capital gains due to it being my primary residence for 2 years.

Lessons learned? Challenges?

Hire out mudding and drywalling

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Ben Anton and Rachel Whaley with Keller Willams Madison