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Updated about 5 years ago on .
Primary home to rental
Investment Info:
Single-family residence private money loan investment in Federal Way.
Purchase price: $124,000
Cash invested: $60,000
Sale price: $371,000
Originally primary residence, then moved out and rented for 20 years.
How did you add value to the deal?
Complete remodel prior to selling
What was the outcome?
Used the profit for 1031 exchange