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Updated about 2 years ago,

John Fortier's profile image
John Fortier's profile image
John Fortier
Pro Member
  • Real Estate Agent
  • from Fayetteville, NC
  • Member since Feb 15, 2019
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User Stats

6
Posts
4
Votes
John Fortier's profile image
John Fortier's profile image
John Fortier
Pro Member
  • Real Estate Agent
  • from Fayetteville, NC
  • Member since Feb 15, 2019
Connect
John Fortier
Pro Member
  • Real Estate Agent
  • Fayetteville, NC
4
Votes |
6
Posts
Real Estate Deal Analysis & Advice

SFR 3/2 Leveraged LOC and a credit card!

John Fortier
Pro Member
  • Real Estate Agent
  • Fayetteville, NC
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $64,500
Cash invested: $40,000

SFR 3/2 converted into a 4/3... Definitely didn't need the full bed and bath addition but seemed to make sense at the time. Multiple refi's later = no factor. Complete HVAC replacement one month after the first tenant moved in!!! Didn't see that coming!

  • John Fortier
  • 910-806-7665
    • 0 Votes
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