My Latest Rental Rehab By the Numbers…
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The speaker spent $3,000 on a rental rehab, including painting the cabinets and countertops, using new appliances, doors, and hardware, and completely renovating the bathroom. They also spent $1,000 on live pictures, $2,000 on the outside, including a new roof, gutters, light landscaping, and trim tree, for a total of $10,000. The speaker bought the property for $82,000 and spent $30,000 on repairs and holding costs, for a total of $112,000. The property appraised for $155,000, and the speaker took out an $80,000 loan to pay back their private lender for the purchase and rehab costs. The property is rented for $1,350, with a cash flow of $250 per month, and the speaker did not use any of their own money to buy it.
The speaker spent $3,000 on a rental rehab, including painting the cabinets and countertops, using n