The property could use some light renovations so ideally the tenants will move out so the investor can put some work in and add some value.

We are currently working on another house a block away that will be a 4bed/3bath w/ 1800 sq/ft and in the last year, 3 full gut Renovations on the same block have sold for 475k, 465k, and 450k.

Purchase price: $729,000 Cash invested: $250,000 Sale price: $1,550,000 We performed the following renovations prior to selling the house:-Converted an open dining room into a 4th bedroom creating 2 closets and french doors-Renovated the kitchen and master bathroom including moving water lines and venting-Installed a beam creating an open archway-Covered the fireplace and installed custom cabinets in the living room-Built a patio with pavers and a pergola-Removed concrete patio and installed sod-Installed can lighting -Carpentry -Paint

Purchase price: $505,000 Cash invested: $125,000 Sale price: $550,000 Performed the following renovations:-Roof replacement-Converted doorway into an open archway-Kitchen replacement including flooring and moving and running water lines-Converted window into a patio door with patio steps-Lighting & electrical panel and fixtures-Painting exterior / interior-New Gutters-Carpentry-Landscaping

I don’t know if the area is right or not, but I have heard of some investors doing glamping, portable tiny house, or renovated airstream for rental.

I’ve added value to this house so far by building a bedroom in the attic, and renovating the entire upstairs apartment.

Well here is the deal: 6 condos in a complexAvg rent roll $700 / market is $800-900HOA is $180 a month per unit3-4K in Reno as tenants turnover is neededSeller will take 290k for all 6I do not have the liquidity for 20% down and do the renovations. 

The property is a city row house, built in 1870, that was renovated around 2007. 

Our other interests include investing in land for low impact STR’s and investing in older multi-family units and renovating for efficiency here in Maine. 

We renovated the unit we lived in and have had tenants in the other side the entire time.