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Updated over 5 years ago,
single family investment
Investment Info:
Single-family residence buy & hold investment in Stratford.
Purchase price: $128,000
Cash invested: $26,000
4 bedroom single cape.
What made you interested in investing in this type of deal?
the price was a great deal
How did you find this deal and how did you negotiate it?
homesnap
How did you finance this deal?
cash
How did you add value to the deal?
I rehab 38k
What was the outcome?
my 38k investment was able to rehab the house completely with new appliances, finish basement, new shower and plumbing, paint, carpet, flooring and all new electrical and panel.
Lessons learned? Challenges?
make sure to do a better inspection when buying a REO.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
yes I have an agent and lender I'm working with