2nd owned home

[Arthur Roberson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $325,000
Cash invested: $16,000
Sale price: $535,000

Built home through home builder, put our money into structure. I did about 16K of my own upgrades, and paid about 10k for upgrades out of my scope

How did you finance this deal?

Bank Financing

How did you add value to the deal?

We built this home, but only put money into things we could not upgrade later. We personally elevated most $$ areas in home.

What was the outcome?

Lots of equity to roll into next home