Acquisition: Heavily distressed asset was acquired, extensively renovated, and rented.
Exit Strategy: sold home to tenant after 1 year for maximum tax advantage (long term capital gain).
Rehab Scope of Work:
- New roof
- Full interior and exterior paint
- New wood fence
- New driveway
- Complete kitchen renovation
- Complete bathroom renovation
- New central HVAC
- New eletrical
- Much more..
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