At least as far as individual deals go (versus large purchases), this was probably our best deal ever. I give the rundown on how we found it, analyzed it, rehabbed and then refinanced it. We purchased it for $28,250 and after the rehab, were all into it for just under $44,000. In the end,
"The property ended up appraising for $106,000, and so we were actually able to pull out about $30,000 upon refinance! In total, our equity was about $63,000." I also discuss how we split properties into three general categories and try to buy a mix to create a balanced portfolio, - Equity Deals - Value Deals - Cash Flow Deals Check it out.
Comments
|
Andrew Syrios"Every day is a new life to the wise man." Archives
August 2018
Blog Roll
Bigger Pockets REI Club Tim Ferris Joe Rogan Adam Carolla MAREI Worcester Investments Entrepreneur The Righteous Mind Star Slate Codex Mises Institute Tom Woods Consulting by RPM Swift Economics Categories |