41st ST Property - fix and hold property

[Gabriel Miritello]

Investment Info:

Single-family residence buy & hold investment.

3/1 Brick home - required a gut of the kitchen and Bath. Upgraded the electricity to 200 AMPs and also upgraded some water systems within the home. We fought through COVID, permits, and the high demand for contractors. My team is a group of all-stars who worked tirelessly to complete the project. If you are interested in selling or interested in what I did reach out.

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

Military retirement in 7 years

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

MLS - having cash to buy make a difference. I was stern once we had gone back and forth 1 time. i got my second price offered.

How did you finance this deal?

Cash

How did you add value to the deal?

Remodel

What was the outcome?

Remodel was more then anticipated - rent estimates are not higher then originally anticipated.

Lessons learned? Challenges?

Permits and contractors.

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

Sarah Poulos of Keller Williams

[Joshua McMillion]

@Gabriel Miritello

Congratulations on the deal. It can be challenging to deal with contractors and hold them to cost, schedule, and performance. Keep pushing; what is your next goal? 

RLTW, 

Josh