Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago,

User Stats

26
Posts
21
Votes
Zac Hales
  • Real Estate Agent
  • Raleigh / Durham NC
21
Votes |
26
Posts

1960s Ranch Remodel Between the Beltlines in Raleigh

Zac Hales
  • Real Estate Agent
  • Raleigh / Durham NC
Posted

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