Stratford CT - Single Family Home - Ben Rutkevitz

[Ben Rutkevitz]

Dear BP Community,

Due to help and support from this wonderful community I purchased my first real estate investment property. I am now officially a real estate investor and it feels great to take action. 

The property:

1100 SF

3 br, 1 bath

single story

purchased out of foreclosure for $67,000

estimated rehab costs $30,000

ARV - 185,000

The property needs a new kitchen and bathroom along with other cosmetic repairs around the house.

I am a little late posting on this forum as I bought the property with my partners in May 2015. 

I will keep updating this thread with pictures and posts as the work gets done. The current plan is to sell the property upon completion.

Below are pictures of the property before work was started.

[Eric Munson]

@Ben Rutkevitz- Congrats on taking action and getting your first deal.

I would suggest you sell it and use the funds to do your own rehab deal or use the funds for a down payment for a cash flowing multi. Good luck with the sale!