Rehab In Michigan turned air bnb

[Thomas Doezema]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $4,000
Cash invested: $30,000

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

Condemned house on the mls

How did you finance this deal?

Cash

How did you add value to the deal?

I rebuilt it myself

What was the outcome?

It’s on air bnb doing well

Lessons learned? Challenges?

I might not pick one that was this far gone again. I had no capital and it has turned out to be a great investment though.