House Under remodeling high 200% ROI

[Vitalii Lunko]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $42,000
Cash invested: $60,000

Buy, refinance and STR

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

High ROI

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

Property auction

How did you finance this deal?

Cash out of pocket

How did you add value to the deal?

Full remodeling

What was the outcome?

As planned

Lessons learned? Challenges?

Don't give a whole project to the stranger to remodel it.
Test him first on 1 room and then you can sign agreement for a whole house remudeling.

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

no