1855 East blvd BRRRR

[Marques Jackson]

Investment Info:

Single-family residence buy & hold investment in Petersburg.

Purchase price: $27,000

bought an old house for cheap
fixed it up
rented it out
refi'd

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

price, location, rents

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

auction.com

How did you finance this deal?

cash

How did you add value to the deal?

lots of rehab, pretty much new interior and windows

What was the outcome?

successful rental

Lessons learned? Challenges?

tons, education on rehab costs
defining done
working with contractors
clarity in communication

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

Maureen Patterson RVA group