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Updated over 1 year ago,
Fixing Up Grandma’s House
Investment Info:
Single-family residence buy & hold investment in Salem.
Cash invested: $35,000
Family Rental Property passed down directly from grandparents.
What made you interested in investing in this type of deal?
It was a family owned property
How did you add value to the deal?
Improvement on the roof and foundation of the home also added new appliances in the kitchen
Lessons learned? Challenges?
Never let family think you’re a push over or try to short you on money and time because the feel entitlement.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am the real estate professional on this deal