Hold and Brrrr

[Matt Allen]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $165,000
Cash invested: $40,000

SFH just outside of Berkeley Springs WV

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

Got a deal on the purchase

How did you finance this deal?

Hard money, will cash out refi in a few months

How did you add value to the deal?

Full update, new LVT, appliances, paint, declutter. The roof and HVAC were recently replaced.

What was the outcome?

Rented for 2k a month

Lessons learned? Challenges?

Reno took longer than expected but I met a fantastic contractor!