Hidden Value in Belview Heights

[Stephanie Ford]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $50,000
Cash invested: $7,000

Brick 2 bdrm 1 bath that I converted to a 4 bdrm 1 bath. Has 1700 sq ft

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

Property was lived in by current owner and looked to be in pretty decent condition

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

From a wholesale deal gone bad

How did you finance this deal?

Owner Financing but doing refinance now

How did you add value to the deal?

Added 2 bedrooms from an attic and a den

What was the outcome?

ARV 95k

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

no