1960s Ranch Remodel Between the Beltlines in Raleigh

[Zac Hales]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $290,000
Cash invested: $100,000

1960s Ranch Remodel in the heart of Raleigh (Between the beltlines!). We knew this would be a home run based on the location, as the next wave of North Hills development will soon reach us and homes will be sold for a hefty tag for just the dirt. New builds in the area are starting at $1.5 million.

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

Location, the lot, the house. Everything was a great opportunity to add a ton of value.

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

Listed in our Local MLS

How did you finance this deal?

Conventional financing and cash

How did you add value to the deal?

We took it from a closed off 4 bedroom 2 bath to a very spacious 3 bedroom 2 bathroom with open areas and large master suite. Added a deck, fence, landscaping, siding, roof...everything.

What was the outcome?

Currently sitting on over $200k in equity! Great cash flow because we bought as a primary and got a sub 3% interest rate