06/14/2022
Wanted to share my first official full-gut rehab. I may have gone over my budget but I have an emotional attachment to this neighborhood as I grew up here and want to revitalize it. Here’s the rough break down:
Purchase Price: $130k
Rehab: $40k
Closing cost/holding cost: $10k
Approx ARV: $200k-$220k
Rent: $1500-1600
(New roof, PEX plumbing, New HVAC, New Electrical Box, Foundation Repaired)
Can’t wait for my next project! If you know anyone who needs to sell their distressed home or looking to get out of their mortgage as soon as possible, let me know!
