I opened a HELOC on my main property thats in another state to pay for the down payment and remodel.

This location is amazing and you can easily add the square footage to get over 2 million at the sale after the remodel.

Purchase price: $80,000 Sale price: $85,000 Cosmetic remodel project on a small house in Las Cruces How did you find this deal and how did you negotiate it?

I remodeled all of the cosmetics in the property and also replaced the roof and landscaping What was the outcome?

The rest could go towards remodeling the bathroom(s), kitchen, and paint. 

I also used my accumulated experience here to start a remodeling company, where I helped local homeowners with their projects What made you interested in investing in this type of deal?

Keep in mind if you remodel versus new construction, there are likely different building codes.

But it's pretty easy to find a contractor that is good enough to do the job.If I was looking to do a little lipstick remodel, I have 4 or 5 contractors I could call who would all be a good fit.If I was looking to do a gut remodel, I have another 2 or 3 contractors I could call who could handle that job.When I'm doing a luxury spec, there are 5 or 6 contractors that I'm talking to for bids on those jobs before I pick the best fit.Finding a deal on the other hand... you can't just call up a deal and say you're ready.

My partner lives with me, but I pay for 95% of utilities, etc. as well as all furnishings, remodel, etc. 

Create a thorough remodeling schedule and budget, choose reputable contractors, secure licenses, and supervise the work.9.