Rough Ranch in The Dalles

[Nate Bell]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $150,000
Cash invested: $100,000

Converting this 2200 SF 1950's ranch into 2 units- upstairs and downstairs. Last owner let renters destroy it. Full remodel. Financed through a 203K Rehab Loan.

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

Affordable, I have similar experience from past deals, strong rental market

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

MLS, unconventional financing

How did you finance this deal?

203K Rehab Loan

How did you add value to the deal?

Planning on full remodel ~$100K

What was the outcome?

Not complete

Lessons learned? Challenges?

Asbestos