All Forum Posts by: Sean Kline

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $195,000

End unit 3 story town house in desirable neighborhood near a hospital.

How did you add value to the deal?

New granite countertops, LVP flooring in kitchen, carpet and paint throughout.

What was the outcome?

People loved it so much I got $50/month than I was asking and a 2 year lease.

Investment Info:

Single-family residence buy & hold investment in Kingstowne.

Purchase price: $260,000

Cosmetic repairs to kitchen and baths resulting in $30k in equity.

Investment Info:

Single-family residence buy & hold investment in Alexandria.

Purchase price: $346,000
Sale price: $443,000

3 story end unit townhouse in a desirable neighborhood that had nice cash flow while waiting for the appreciation to hit.

How did you add value to the deal?

After renting it for 3 years I fixed it up with new granite countertops, tile in kitchen and baths, new hardwood, and new carpet in order to sell for top dollar.

What was the outcome?

Used a 1031 to roll the proceeds into the acquisition of 2 other properties.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $192,000

Upgraded the kitchen and baths throughout to get a better ROI.

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

This 3 story unit was priced similar to the 2 story homes in the neighborhood.

Lessons learned? Challenges?

Closing in mid August put it towards the end of the rental season so I put the new tenants on an 18 month lease so that it will become available in the spring in the future.

Investment Info:

Single-family residence buy & hold investment in Kingstowne.

Purchase price: $260,000

Cosmetic flip resulting in $30k in equity and increased cash flow.

Investment Info:

Single-family residence buy & hold investment in Kingstowne.

Purchase price: $260,000

Cosmetic fixes resulting in $30k in equity and improved cash flow.

Lessons learned? Challenges?

Tried out quart for the first time but wouldn't recommend it over granite.