Milwaukee 53212 4/2 SFH

[Dustin Young]

Investment Info:

Single-family residence buy & hold investment in Milwaukee.

Purchase price: $22,000
Cash invested: $12,000

Former duplex converted to single family (4 bedroom, 2 bath, partially finished basement). The conversion process was completed before me and makes for an interesting story. I met the owners back in September but couldn't get the deal done then. Fast forward to January when I called again out of the blue and they were ready make a deal.
Work done: installed new flooring, new kitchen, new bathrooms, and new doors throughout. Should rent for $1000-1200.

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

I own 5 other properties nearby

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

Private sale

How did you finance this deal?

HELOC

How did you add value to the deal?

installed new flooring, new kitchen, new bathrooms, and new doors

What was the outcome?

Should rent for $1000-1200.

Lessons learned? Challenges?

Follow up is key! Demo doors BEFORE installing new flooring.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, me!