sobro bungalow fixnhold

[Jason Tressler]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $35,000
Cash invested: $21,500

arv 120-130k. rented at 960.

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

very familiar with the neighborhood, have other properties in neighborhood. Very small house. Saw a very easy place that I could fix up quickly

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

purchase property directly from owner for cash

How did you finance this deal?

cash on hand

What was the outcome?

house was almost a complete redo. Granite countertops very nice flooring, all new paint, new siding. All new Landscaping. Almost everything was pretty much touched except for the roof Believe it when I found out about a week later that it was all over an

Lessons learned? Challenges?

always look for any type of fire damage, I discovered some later after I bought it. Under some drywall.

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

Jason Tressler