First Big Project, Full gut and Rehab

[Thomas Ingrao]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $12,000

First fully gutted property. This will be my biggest project yet, planning to be done mid-summer. Estimated costs are around $30,000 with an ARV of $95,000. Each unit will rent for $850/month.

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

Huge value add.