I’m back at the house on Bailey Road in Cuyahoga Falls, OH that we purchased for $31,000. It was a Fannie Mae bank-owned foreclosure, and I bought it using none of my own cash or credit. The house needed a lot of work, but much of it just cosmetic. Our rehab budget was $22,000, and with that we did some roof repairs, paint, drywall, a complete kitchen re-do, electrical and new windows. At this point, we’re about 3 weeks away from putting it on the market, and are doing some final carpentry and finish work. We’ll put it on the market for $109,900 with a property launch party that will hopefully get the house sold in a weekend. Stay tuned!
