What He Did To Turn This Duplex Into An Amazing Moneymaker Is Awesome
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Imgur user Drisco bought a really gross trash-filled duplex for $160,000 and turned it into a gorgeous moneymaker. He had absolutely no experience doing renovations, but thanks to a lot of research and help from his Dad via Facetime, Drisco pulled it off in a spectacular way. We honestly can’t believe the transformation.
For the numbers…He says the project cost him $40,000 in materials, including furniture. He saved a lot of money by doing most of the work himself, and by going with inexpensive furniture from Ikea, and second-hand. The property cost him $160,000, which means he’s in for roughly $200,000. His mom is a real estate agent and estimates that the value is $300,000 at the low-end. In terms of rentals, he says he rents it on Airbnb, and it quickly got rented out for peak season at $1,000 a week, plus several of the non-peak weeks. In total, he estimates he makes about $20,000-$30,000 a year on the property.