Oshawa house investment 4

[David Steinbok]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $385
Cash invested: $150
Sale price: $575

I bought this house the same month as the last one. And is the reason why I quit my job. I had 2 houses to build at the same time. 3 bed sfh. I cleaned upstairs and rented it very quickly. Then build a 2 bedroom basement apt. I would work a few hrs on this house and a few hrs on the other house every day. 2 month later I finished and refinanced it. 2 apts rent for 2900$ plus util.

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

Agent

How did you finance this deal?

Bank

How did you add value to the deal?

Built 2 bed basement apt. AMD legalized it

What was the outcome?

Awesome house. A d money to buy more.

Lessons learned? Challenges?

I learned how to wire an electrical panel by myself. And was now building a good reputation with the different inspectors .