Got the Keys to my Panama Rehab today


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  • The sellers moved out of the Panama house over the weekend. Today, I have a countertop guy going over to measure for granite tops. Tomorrow they start painting the roof and exterior ( yes they paint roofs with silicon paint in Panama). And Thursday, my contractor starts painting the inside and doing minor repairs. Should have this one ready to go in a few weeks.

    It is worth about $135,000
    I bought it for $55,000
    Labor costs, materials and new appliances should be less than $4,000
    Rehab cost will be more than I thought because the sellers took the wall air conditioners so I need to replace them.

    It will be still be a NICE payday.

    I subdivided the x-large lot so I can build another house on the other lot of sell the lot for an extra $25,000 profit.

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