Rental Property for Buy, Rehab, Rent and Sell

[Mishalle Madni]

Investment Info:

Condo buy & hold investment in Columbus.

Purchase price: $74,000
Cash invested: $25,000

Bought a property to Rehab and rent.

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

Good value in a decent neighborhood

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

MLS listing through agent

How did you finance this deal?

25% down cash and rest through line of credit from another property

How did you add value to the deal?

Updated kitchen, repainted walls, updated vanities, bathroom floors, kitchen floors, updated windows, and re-stained the patio

What was the outcome?

It rented right away and been on rent

Lessons learned? Challenges?

Rehab gets more money

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

none