Full Renovation converted to STR

[McKenzie Stouffer]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $55,000
Cash invested: $65,000
Sale price: $140,000

First complete renovation all but reframing--new electrical, HVAC, plumbing, complete bathroom and kitchen demo and remodel. I outsourced many different local vendors and received 2-3 quotes for each piece of work. Lots of learning! Decided to BRRR instead of sell based on higher ROI to keep. I can't wait for the next one and to share my experience for anyone who is interested.