Golf Course Drive BRRRR

[Ethan G Stine]

Investment Info:

Single-family residence buy & hold investment in Spring Valley Lake.

Purchase price: $185,000
Cash invested: $30,000

This house is a 3 bed 3 bathroom single family home located on Spring Valley Lake Country Club

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

Value add, potential cashflow after rehab, and house on golf course.

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

MLS. Negotiated price from 200k to 185k based on rehab costs needed.

How did you finance this deal?

Private money.

How did you add value to the deal?

Total gut remodel : $30,000.00

What was the outcome?

Refinanced at 75% LTV. ARV: 275K Rent: $1900.

Lessons learned? Challenges?

Money is made on the buy. Due diligence is key. It always costs more than you think!