Flipped home near Boise State University

[Natalie Elliott]

Investment Info:

Single-family residence buy & hold investment in Boise.

Purchase price: $214,500.0
Cash invested: $25,000

Bought the home for our daughters to live in while they attend Boise State. They have two roommates, to share the bills. Value has gone up 46% in the time we have owned it.

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

Location

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

I found it while scouting property for a client.. she wasn't interested and we were.

How did you finance this deal?

Paid Cash

How did you add value to the deal?

Remodeled the paint, flooring, bathrooms.

What was the outcome?

Its gorgeous.

Lessons learned? Challenges?

I wish I had bought more properties in this area while I could afford to do so.