Sad little house flipped and rented

[Angi Kruse]

Investment Info:

Single-family residence hard money loan investment in Norfolk.

Purchase price: $45,000
Cash invested: $50,000

Single family, complete rehab, now rental property

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

It was a sad little house I look at everyday on my way home. Wanted to bring back to life and able to monitor as a rental with location.

How did you finance this deal?

The purchase price rolled into a business loan as it was extremely low cost and the repairs I paid cash.

How did you add value to the deal?

It was a complete gut job but did not change as structure.

What was the outcome?

It is currently rented at a premium price for the size.

Lessons learned? Challenges?

Don't try to do everything ourselves it takes to long with full time jobs

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

not at this time