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All Forum Posts by: Jake Wicher

Jake Wicher has started 2 posts and replied 2 times.

Real Estate Deal Analysis & Advice

Post: Second House Hack / Fix and Rent

Jake WicherPosted
  • Investor
  • Boise Idaho
  • Posts 3
  • Votes 0

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $385,000
Cash invested: $22,000

House hack, fix and flip, value creation, 2022 Rental Home.

0 Votes
Real Estate Deal Analysis & Advice

Post: First House Hack / Fix & Rent

Jake WicherPosted
  • Investor
  • Boise Idaho
  • Posts 3
  • Votes 0

Investment Info:

Townhouse fix & flip investment.

Purchase price: $265,000
Cash invested: $50,000

Estimated $25,000 of sweat equity to leverage my ROI and spring board myself into my next renovation project. Cash flow $470/Month

How did you add value to the deal?

bottom to top fresh paint, light fixtures, hardware, appliances, landscaping, and room accessories. ~$9K in renovation costs. ~30k in value add.

Lessons learned? Challenges?

Youtube is your friend. Interior painting is miserable, Exterior is easy (using a sprayer), I can figure out anything myself a handy man would get hired for. Minimizing your tax burden is key. All about location.

0 Votes