Washington DC Group House Rental

[Marielle Walter]

Investment Info:

Single-family residence buy & hold investment in Washington.

Purchase price: $370,000
Cash invested: $18,000

I purchased a 3 bedroom home and converted it to a 5 bedroom home and rented it as a group house.

How did you finance this deal?

Conventional loan.

How did you add value to the deal?

Kitchen and bathroom updates.

What was the outcome?

$150,000+ equity within a few years of purchase.