Fix & Hold (Avenue R)

[Jarrod Covey]

Investment Info:

Single-family residence buy & hold investment in Austin.

Purchase price: $80,000
Cash invested: $150,000

Hoarder house sourced through a wholesaler with plans to renovate and turn into a short term rental

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

Tax benefits, equity position, cash flow

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

Wholesaler brought it to me at a networking event

How did you finance this deal?

Hard money lender

How did you add value to the deal?

This was a full rehab + re-create the floor plan

What was the outcome?

Solid equity position, a deduction, and cash flow