Full remodel, buy & hold

[Heidi Braunhardt]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $228,000
Cash invested: $55,000

I purchased this property off-market and it is a complete gut job. I will renovate for about $55K and then I will rent it for about $2,500/month. Excited to share pics soon!

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

I own two units in this community already.

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

I am a Realtor.

How did you finance this deal?

Cash.

How did you add value to the deal?

Full remodel.

What was the outcome?

In process!