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Dec 10 2018

Even in a hot Market there are still smoking hot deals

My buddy called me and asked me if I wanted the house right next to one of my more notorious rentals. It’s one door away from the house of the people threatened to kill me on.

 

It is now two months later from that incide  and the neighborhood for the most part is looking a heck of a lot better. The drug dealers have moved out and the street is clearing up. One of the properties that had an eviction right around the same time as my drug dealer issue, the people have decided to finally sell it and my buddy called me asking if I would be interested in purchasing it, having known the story of me being threatened.

When my guys were out there doing the initial security and clean up on the property they said that I should try and call the owner to see if she would sell as it looked pretty nice on the outside. Nothing spectacular, a little to bed 1 bath shotgun style house similar to the one I purchased on Christmas Eve 2014 for $12,500. On that specific deal I had to put about 15000 in it to get it up and running.

 

This o  on the other hand  off the bat is $15,000 and needs very little work  to get it ready. In fact if I wanted to be a little more of a slumlord I probably could rent it out as is. But as far as I’m really concerned I can put in a couple sheets of carpet and some vinyl and call it a day. Maybe $1,000 at best and I can easily get $500 a month out of it if I want to cut somebody a deal.

Here are the pictures of it and pretty much what you see is what you get its filthy and needs paint a carpet at worst the Plumbing’s new the electrics relatively new and those are two of my big concerns when looking at a place.

 

20181210_14325720181210_16322020181210_14333520180718_132450-1008x75620181210_143247

Written by InvestmentJoy · Categorized: Blog

Jul 20 2018

4br 2ba 2000sf in great area

Guess the terms –

  • 4 bedrooms
  • 2 bathrooms
  • 2 car attached garage
  • 4+ car detached garage
  • 2000 square feet
  • full, partially finished basement
  • bomb shelter
  • $150k-$300k neighborhood

Written by InvestmentJoy · Categorized: Blog

Mar 28 2018

Motel?

Will be interesting if I can get it….

 

 

Written by InvestmentJoy · Categorized: Blog

Mar 14 2017

Welcome to InvestmentJoy.com

If you’ve ever wondered what it’s like to be in business for yourself, to own a vending machine route, or your very own laundromat, that’s what InvestmentJoy is about.

It’s our absolute hope to showcase the reality, in its entirety of what it’s like to start, grow and build a PROFITABLE business.

Written by InvestmentJoy · Categorized: Blog

Mar 10 2017

Here’s my 48th rental!

So, if you’ve wanted to see what one of my post-rehab , sub $30k houses here in Central Ohio looks like inside, here it is!

3br, 1.5 bath, partial basement, 1100 square feet built in the early 50s. Not terrible shape when I bought it, did some cleaning up, counter tops and whatnot and it’s done!

2017-03-10 14.30.28 2017-03-10 14.30.12 2017-03-10 14.30.04 2017-03-10 14.28.30 2017-03-10 14.28.12

2017-03-10 14.27.44

 

2017-03-10 14.26.47 2017-03-10 14.26.29 2017-03-10 14.26.05

Written by InvestmentJoy · Categorized: Blog, Investment Diary

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