Friday, April 30, 2021

First Investment Property

So I closed on my first investment property yesterday. It’s a 1900 sq ft, 4 bed, 3 bath, ranch style lake home on .9 acres. The plan is to renovate and sell within a year. Possibly use as a vacation rental but leaning more towards selling. I want to use the profits made from this flip to buy another home more suited for long term rentals.

It hasn’t been occupied for a solid year but it’s in pretty good shape. It needs flooring, wallpaper removal, painting, a new back deck, a few windows and...

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