My first home purchase and renovation

[Stephen Resch]

Investment Info:

Single-family residence other investment in Watertown.

Purchase price: $88,000
Cash invested: $25,000
Sale price: $147,000

Purchased with VA loan as primary residence while stationed at Fort Drum, NY. Sold when we moved to new assignment. I completely gutted and renovated the basement, added one full bath, built a new deck.

How did you finance this deal?

VA home loan. 30 year fixed rate

How did you add value to the deal?

Renovated and finished the basement. Added one full bath, built a new deck and shed.

What was the outcome?

Sold for a profit of $34,000