Student rental investment 3

[Philip Breton]

Investment Info:

Single-family residence buy & hold investment in Welland.

Purchase price: $160,000
Cash invested: $25,000
Sale price: $230,000

6. Bedroom student rental that cleared 1200m pretax.

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

Cash flow

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

MLS

How did you finance this deal?

20% dp, conventional bank mortgage.

How did you add value to the deal?

Full basement gut, adding 3 more bedrooms , kitchen, large egress windows and bathroom to the basement.

What was the outcome?

Sold