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Updated about 5 years ago on . Most recent reply

Marielle Walter's profile image
Marielle Walter's profile image
Marielle Walter
  • Investor
  • from Washington, DC
  • Member since Jul 7, 2013
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User Stats

135
Posts
39
Votes
Marielle Walter's profile image
Marielle Walter's profile image
Marielle Walter
  • Investor
  • from Washington, DC
  • Member since Jul 7, 2013
Connect
Marielle Walter
  • Investor
  • Washington, DC
39
Votes |
135
Posts
Real Estate Deal Analysis & Advice

Washington DC Group House Rental

Marielle Walter
  • Investor
  • Washington, DC
Posted

Investment Info:

Single-family residence buy & hold investment in Washington.

Purchase price: $440,000
Cash invested: $22,000

Bought 3 bedroom single family home, converted it to a 5 bedroom, and rent it as a group house.

How did you finance this deal?

Conventional loan.

How did you add value to the deal?

Bathroom and basement renovation.

What was the outcome?

$20,000+ equity in first month.

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