This property exemplifies the sort of value add investment we love at Pie Assets. We purchased the property for 57,000 dollars and plan to spend 39,000 dollars on a full renovation. With the acquisition cost and renovation cost included, we will have 96,000 dollars total in the investment. The goal with the asset is to reposition it to be a rental that will perform at the top of the market. The property will be improved to a five bedroom, two bathroom home. We will be adding two additional bedrooms and a full bathroom to improve comforb level and rental potential. We intend to rent the property for 1,900 dollars per month, and we expect to achieve cash flow and returns that will be above average on the investment. At 1,900 dollars per month in rent, the investment will perform well compared to the total cost. We do expect the market to create an option to sell for a good profit after the renovations, and we will consider selling. The primary focus is to tenant the property and create a cash flowing asset.

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Strategy: Buy and Hold

Our buy-and-hold strategy is centered on the long-term growth and stability of real estate investments. We focus on acquiring undervalued properties with the potential for significant appreciation, investing in strategic renovations to enhance value, and generating steady rental income over a minimum holding period of ten years. This approach not only allows for the accumulation of wealth through real estate but also involves our investors in a democratic decision-making process when it comes time to sell or hold the property further. It's an investment philosophy that prioritizes sustained growth, community involvement, and the power of collective decision-making.