Fully Rehabbed Small SFR

[Ramiro Rodriguez]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000
Cash invested: $130,000

Fully Rehabbed 2/1 SFR Small home.
Purchase price $90,000
Rehab $30,000
Rents $1200

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

Location was excellent

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

on MLS used a Cash from Cash out REFI to purchase the deal

How did you finance this deal?

Cash out REFI another rental I own

How did you add value to the deal?

Used nice finishes and appliances/ nuetral colors

What was the outcome?

Appraised 30K over expected!
Invested $130,000
Appraisal came back at $160,000
Working on a REFI to pull out the rehab budget and pay myself back.

Lessons learned? Challenges?

You will get burned by contractors....

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

Used agent for the purchase as well as listing as a rental.