Second Investment at 20

[Logan Whitlow]

Investment Info:

Single-family residence buy & hold investment in Edwardsville.

Purchase price: $180,000
Cash invested: $30,000

This is my second investment property. I bought this and did a live in renovation racing the clock to get it done before I got married. I finished this property the night before my wedding. It was a large renovation I was able to do all the work myself. I turned this 3 bed 2 bath 2000 sqft house into a 4 bed 3 bath beauty. I was able to change a lot of the floorplan of this house, add a bed and a bath and making it flow much better. I'll let the pictures speak for themselves on the end product.

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

I just told everyone I know that I was looking to buy a house. and through a friend of a friend I found this property off market.

How did you finance this deal?

Conventional 5% down home lown

How did you add value to the deal?

complete renovation, below market purchase price, adding a bedroom and bathroom

What was the outcome?

Rented out for $1950 per month and cash flowing for $750 per month. looking to refinance as soon as possible. Purchase price $180,000, reno budget $30,000, ARV $300,000