| Unit 1 / Price: $1600 per month / Millcreek / 4 Bed / 2 Bath / 2528 Sq. Ft. |
| Unit 2 / Price: $975 per month / Millcreek / 2bed / 1 Bath / 840 Sq. Ft. |
| Listing compliments of US. |
Today Muve scored big! We were able to purchase two homes for the price of one. We also took a huge step in the right direction. This is our first long-term rental property! We are using a unique investing strategy that allows us to buy a property that needs a lot of work at a deep discount with private money, do repairs to the property and then refi the property out using a traditional mortgage at a current low fixed rate. All this is done with no money down except what we put into it for repairs. The reason we can do this is because we have fixed up the property with our own money and added value. Now when we refinance it will appraise for much higher than what we bought it for. We don’t have to come up with extra money down because we created enough equity by fixing it up to satisfy the lenders policies.
If that went completely over your head, don’t worry, our team will be more than happy to teach you this process step-by-step so you can do it yourself. If you sort of understood, then good on ya! You are one step ahead, let’s chat to get you a rental ASAP.
We plan to have this thing all fixed up and on the rental market in about 30 days. It shouldn’t stay there long. If you’re looking for a place to rent then there isn’t a better landlord to have than your friends at Muve. Whenever this property comes up we will post it on our blog and social media, so keep an eye out. Both of these properties will be great places to live once we are finished.
Update: Here are some pictures of the finished product:
