Eola Hills home

[Corey Ritter]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $118,000
Cash invested: $500,000
Sale price: $750,000

Started with a rough repo mobile that we renovated. Added a shop building. Added another bay to the shop for living quarters. Moved into the shop, demo'd the mobile. Had new house built. Lived there for 2 more years then moved to Alaska and sold it.

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

This was our primary long before intentionally investing.

How did you finance this deal?

Bank loans

How did you add value to the deal?

Lots of sweat equity