My worst project yet

[Albert Boerstoel]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $200,000
Cash invested: $186,000

Terrible project. Everything we opened up was a can of worms. But once you have it, there's no choice but to make it right.

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

6th project, seemed a quick fixer upper in a good town

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

On the MLS and simply bid

How did you finance this deal?

Cash

How did you add value to the deal?

Fixed up

What was the outcome?

Ok

Lessons learned? Challenges?

Better inspection