10/28/2026
This house stunk SO BAD… now it’s rental #2. 🏡
Here are the real numbers (save this so you can run your own later):
Purchase: $166,623
Renovation: $88,599
Appraised value: $283,000
Refinance: $212,250
Rent: $2,100/month
What’s left after the mortgage payment: ~$300/month
Our cash still in the deal: ~$43,000
$300 a month isn’t changing anyone’s life. And that’s before repairs, vacancies, and everything else a rental throws at you.
BUT our tenants are paying down a loan on a house that’s worth about $70K more than we owe on it. And that’s how you build wealth.
📌 New renovation and rental cost breakdowns every Wednesday. Follow along so you don’t miss one.
What numbers do you want me to break down next? 👇
realestateinvestor