My last investment project

[Joseph R. Smith]

Investment Info:

Single-family residence buy & hold investment in Jeffersonville.

Purchase price: $20,000
Cash invested: $35,000

Has been completely rehabbed. Current value $135K.

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

Good price, was mostly cosmetic repairs.

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

zillow

How did you finance this deal?

Cash

How did you add value to the deal?

complete rehab

What was the outcome?

Increased value 6x.

Lessons learned? Challenges?

Labor costs ran a bit higher than I would have liked. I now prefer to do work myself, or at least be there to supervise.