1st Out of State Investment

[Scott T.]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $45,000
Cash invested: $27,000

Single Family Residence in Cleveland OH.

How did you finance this deal?

Paid cash and currently in the middle of a cash or refinance

How did you add value to the deal?

Added 1 bedroom making this a 3/1, new roof, sealed and treated foundation, cleaned up exterior, painted and refreshed the interior

What was the outcome?

Looks like comps in the area are $90-110k and I should be able to cash out my entire investment. The property is currently rented.