4800 Leonard Ave Henrico VA

[Marques Jackson]

Investment Info:

Single-family residence other investment.

Purchase price: $48,000
Cash invested: $90,000

Contributors:
Cameron Douglas

Taking a scary old house and giving it new life

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

The low price , ARV and location couple to make this house seem like a marketable deal

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

MLS through my realtor William Barnes at Gracious Living Realty

How did you finance this deal?

FACO fix and flip LOC

How did you add value to the deal?

complete renovation to include adding a driveway and connecting it to city sewer

What was the outcome?

WIP

Lessons learned? Challenges?

always get a survey as part of the title service
double check the survey for easements ad other encumberances
double check city sewer and water and distances(GIS)
Have an attorney on retainer before you need one
tons more

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

William Barnes Gracious Living realty
Harvey Parks- Surveying company
FACO