Richmond 1000 SQFT 3 BD 1 Bath

[Steve Weedon]

Investment Info:

Single-family residence buy & hold investment in Richmond.

Cash invested: $55,000

Cash Flowing $700
Complete Reno and involves removing a used fuel oil tank

How did you finance this deal?

HELOC

How did you add value to the deal?

BP Calculator

What was the outcome?

$10K over budget, but learned a lot of areas in renovation where I will not do in the future due to limited ROI.

Lessons learned? Challenges?

Stick to your original Scope and try to avoid MODs. Refinishing floors will not mean they will restain them a different color.