861 south Hawthorne

[Anthony Petrucci]

Investment Info:

Single-family residence buy & hold investment in Elmhurst.

Purchase price: $338,000
Cash invested: $20,000

Updated 3 bed 1.5 bath

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

Distressed home in a good school district

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

My broker owner

How did you finance this deal?

30 yr with 10% down

How did you add value to the deal?

Refinished whole house hardwood floors. Ss appliances. Ceiling fans. New toilets. New roof. New windows and doors. Whole house new paint.

What was the outcome?

Increased rent

Lessons learned? Challenges?

Never rent to family

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

My broker owner Larry Reedy