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Updated almost 5 years ago,
Brrrr, SFR 3 bed/2ba turned into 4 bed for higher rents
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $215,000
Cash invested: $12,000
SFR in high demand rental area, 3 bed/2 ba, adding 4th bedroom.
What made you interested in investing in this type of deal?
High demand area, good rents per pricing of home
How did you find this deal and how did you negotiate it?
MLS, Local agent
How did you finance this deal?
Hard money/transferring to conventional
How did you add value to the deal?
Kitchen update, new roof, adding bedroom
Lessons learned? Challenges?
Hard money lending and switching over to buy n hold can be expensive. Budgets have to be watched closely.