Primary home turned into a Brrrr.

[Clarence Stevens]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $35,000

I'm remodeling my home, to force appreciation. In the hopes it will allow me to borrow money at start my investing future.

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

It seemed the best way to aquire starting capital and get experience.

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

I bought the home as a personal residence and paid it off completely. It was off market and moved quickly because I knew it was worth more from looking in my market.

How did you finance this deal?

I got a mortgage and paid it off, now have a line of credit to fund the rehab.

How did you add value to the deal?

New kitchen, New flooring, New flooring, scraped popcorn ceilings, New paint inside and out, New Light fixtures and ceiling fans, Additional bedroom added, Additional full bathroom added to master bedroom, New laundry room created, and New entry doors.

What was the outcome?

still ongoing project.