First owner occupied home

[Brandon DiOrio]

Investment Info:

Single-family residence other investment.

Purchase price: $308,000
Cash invested: $22,000

Purchased from an investor that had me install a new furnace and AC in it 3 years back. the home had been a rental for 15+ years and most recently had a family of 7 living in it. rehab included replaced all flooring in the home (installed by the renter of my townhouse, he is a flooring contractor) re sprayed the ceilings and painted every wall.

This will be my personal home

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

price of the home and a location i wanted to live in

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

Came from a relationship with another investor

How did you finance this deal?

conventional as i will live there

How did you add value to the deal?

cosmetic remodel

What was the outcome?

Now have a beautiful first home to live in

Lessons learned? Challenges?

I had thought this would be a quick rehab as it was flooring, paint, ceilings and smaller odds and ends but it had taken 2 months to complete