Sticking with the plan: first step

[JP Adam]

Investment Info:

Single-family residence buy & hold investment in Gig Harbor.

Purchase price: $110,000
Cash invested: $8,000
Sale price: $247,000

First home. Got roommates. Held for 3 years while renting through a PM company. Then sold it.

How did you add value to the deal?

Repaired as many items from the home inspection as I could during my 2 years living there. Also spend free time during the week improving landscaping myself. Build two stairways: one in front, one in the backyard. Flattened out two separate levels in the backyard as well. Added security lighting.

What was the outcome?

Personal growth and genuine appreciation for hard work. Financially, it was well worth the 2 years. The end result was selling for over double what I financed. I can attribute quite a bit of the appreciation from the hard work put into it. It was noticeable.