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

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

Agent

How did you finance this deal?

FACO- F&F LOC

How did you add value to the deal?

Total renovation, added a bedroom and a bathroom

What was the outcome?

rental at $1400/mo

Lessons learned? Challenges?

Do your due diligence
Always get a survey
Septic systems are crappy
Wells are still in use within 20 mins of the Richmond MSA

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