Tuesday, May 12, 2009

Rental Property Rehab

Since real estate sales have taken a NOSE DIVE, we've been focusing more on long term real estate investments this year instead of flipping. We've invested in rental properties. We bought this great house a few months ago for a great deal (it was a foreclosure). It's almost 4,000 sq. ft. It has 6 bedrooms, 3 baths, a pool in the back yard, and it's in a cute neighborhood in Arlington. It just needed a lot of work. John was up for the challenge! Here are some before and after pics of the rehab...

The house.



We plan to paint and do more landscaping as time goes on.

Living Room Before


Living Room After


Kitchen Before


Kitchen After




Game Room Before


Game Room After


Master Bath Before


Master Bath After



Hallway Before


Hallway After


Hall Bath Before


Hall Bath After


We already have 3 of the 6 rooms rented out. We literally just finished it this past weekend and we already had 3 renters before it was even done. The rental market is really strong right now. But don't go trying to sell anything! It's dead in the water!