Investor Success Story - College Hill
By Gary Bailey | June 17, 2011 | investor success college hill
Purchase Price: $39,900 (6/24/10) | Sale Price: $89,000 (8/23/10) | Days on Market: 83
Tim is an experienced investor who owns a number of rental properties, but didn't have time to complete a rehab for resale. What he needed was a property priced right for resale, and contractors to complete all of the work. Build was able to provide Tim with a 4/1 brick house in College Hill, and put him in touch with one of our preferred General Contractors to complete the work.
The result was that the rehab was completed in under 60 days with Tim only having to visit the property 3 times total. The property was listed on the market during one of the toughest markets in recent years. However, it sold in only 94 days on the market for $89,000.
Do you want to get started investing in real estate but don't think that you have the time to find a property and complete the rehab? Schedule a Needs Analysis with a Build Associate today to gain access to our exclusive inventory of properties.