Abandoned property, complete renovation

[Miguel Liendo]

Investment Info:

Single-family residence hard money loan investment in Alachua.

Purchase price: $45,000
Cash invested: $25,000
Sale price: $175,000

This house had a huge lot, everything was completely abandoned, so a big tractor was hired to clear the whole lot, it was a lot of work, the house was also abandoned, the first job was to install a new metal roof, then to restore the whole property, 80% through the job someone wanted to buy the property as it was and I did.