The Silkwood Property

[Marie Rufty]

Investment Info:

Townhouse buy & hold investment in Charlotte.

Purchase price: $115,000
Cash invested: $30,000

Just getting started here! My husband and I have lived in this beautiful townhome for close to 7 years now. We have recently bought our second home and are currently working to rent this place out. See our description below:

This beautiful, fully updated 2 Bedroom, 2.5 Bathroom Townhouse is great for roommates, corporate tenants, or a young family! Less than 3 miles from Interstate 485, Ballantyne Corporate Park, endless shopping/dining options, and the new Ballantyne Reimagined development. This townhouse is on a quiet street in a wonderful, small community. The kitchen boasts new quartz countertops and new stainless steel appliances. The open dining room and living room also include an upgraded office nook w/ matching quartz desktop. New luxury vinyl plank flooring throughout. Each bedroom includes its own updated bathroom. Enjoy the beautiful Charlotte nights under the market lights on the private, fenced patio; or walk to many shopping and dining options in the Ballantyne area. This unit will be available by 11.1.2021.

Owner pays for water, trash, and sewer. No pets. No smoking/vaping. Gas heat and water heater.

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

The idea of working 40 of the best hours of my week for someone else has always seemed ridiculous to me. Financial independence is my goal and real estate investing seems to be one of the best ways to get there. My husband is equally passionate about this and is my inspiration.

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

This property was purchased as a primary resident.

How did you finance this deal?

Conventional mortgage.

How did you add value to the deal?

Removed popcorn ceiling
New furnace
New energy-efficient windows
Luxury vinal flooring throughout
Bathroom remodel in master
Bathroom updates for the secondary and half baths
Kitchen remodel
New paint throughout
Fenced in backyard
Stair remodel
Sustainable landscaping updates

What was the outcome?

The property went from a liveable house to a modern and beautiful home.