I bought my first RE property on 6/2/2002 when I was 21. I had saved money from various jobs and from a couple cars that I had sold for a profit. It was a 2 story condo with 1,424 sqft, 2 bedrooms, 2.5 bath, and a 1 car garage. I
bought it for $107k. I rehabbed it from top to bottom. Granite counters in kitchen, and bathrooms. New carpet and tile flooring with black marble borders and baseboards, new paint throughout, new window coverings, new light fixtures throughout, mirrored walls, new sinks and faucets, and new appliances throughout. Amazingly I did all that for around $20k. It was good to have good friends help with the rehab/rehab costs. I lived in this unit for a while so I wanted it to be nicely upgraded. I sold it for $189k on 9/22/2004. Below are some pics of the property from an older listing but I did all of the upgrades you see except for the black cabinet doors I did not do that nor do I like it. They were all white when I was there. The dark cabinet doors make the kitchen look too dark in my opinion. It already has black appliances, sink, and dark counters so the dark cabinet doors are over kill.
bought it for $107k. I rehabbed it from top to bottom. Granite counters in kitchen, and bathrooms. New carpet and tile flooring with black marble borders and baseboards, new paint throughout, new window coverings, new light fixtures throughout, mirrored walls, new sinks and faucets, and new appliances throughout. Amazingly I did all that for around $20k. It was good to have good friends help with the rehab/rehab costs. I lived in this unit for a while so I wanted it to be nicely upgraded. I sold it for $189k on 9/22/2004. Below are some pics of the property from an older listing but I did all of the upgrades you see except for the black cabinet doors I did not do that nor do I like it. They were all white when I was there. The dark cabinet doors make the kitchen look too dark in my opinion. It already has black appliances, sink, and dark counters so the dark cabinet doors are over kill.
I saw that the current owner bought it as a foreclosure for 50k in 2011. What a steal! Maybe I will buy it back again....
Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
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