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Updated almost 5 years ago on . Most recent reply

User Stats

49
Posts
27
Votes
Ryan Brocklebank
  • Rental Property Investor
  • Calgary, AB
27
Votes |
49
Posts

Dayton #1 - The Flagship

Ryan Brocklebank
  • Rental Property Investor
  • Calgary, AB
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $32,250
Cash invested: $47,750

Our first Dayton project! We've done 3 more since and will upload those deals soon. This is right outside the Huffman Historic District. It was beat down and ugly with a ton of preventative maintenance that was neglected, especially with water drainage which of course is a terrible thing to do.
The before and after pics speak for themselves, it was a fun project! Rented successfully to an AirBnB'er who did an excellent job staging and is taking great care of the property.

What made you interested in investing in this type of deal?

The location was excellent, just outside downtown and in a very cute historic area with schools nearby.

How did you find this deal and how did you negotiate it?

Our wholesaler

How did you finance this deal?

In the craziest way possible: cash!

How did you add value to the deal?

BRRRR

What was the outcome?

Successful rental, but with many learnings.

Lessons learned? Challenges?

PM me, I'm happy to discuss!

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