Loyal Readers,

A few weeks ago I told you about a real estate deal I did that gave a 113% return in one month. Well, I am quite human and make mistakes just like anyone, so today I’m going to tell you about a real estate deal I did that DIDN’T go quite so well, and the lessons I’ve learned from it.

This was another foreclosure that I worked on rehabbing. As more and more money was sunk into it, it no longer made sense as a rental, so I will have to sell this property now to probably break even. At least I live to fight another day.

Here are a few before and after pics:

Some mistakes…and lessons learned (which seem obvious, but somehow weren’t):
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This is a follow up to my previous article on How To Analyze A Killer Real Estate Deal, where I show you an actual property I looked at and purchased. The property is now fixed up and rented out so I thought I’d take a moment to show you how it turned out!

Fixing it up! Before and After Pics

The house got new paint inside and out, carpet, air conditioner, microwave, dishwasher, light fixtures, doors, landscaping, and a few other cosmetic things.

Here you can see the new AC, the old one was rather beat up!

Here you can see the new microwave and dishwasher in the kitchen. Overhead lights have been fixed, cabinets painted, etc.

White paint on the outside and raising the tree line improves the curb appeal.

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