OXFORD, Conn., Aug. 25, 2014 /PRNewswire/ -- Savvy real estate investments will get you a better return on your hard-earned dollar than a money market account, says real estate veteran Paul Duh.
The Oxford real estate investor knows what he's talking about. In his 19-year career Duh has successfully repaired and then flipped dozens of homes—a strategy that continues to pay handsome dividends for him and his partners.
Duh, founder and CEO of CT Houses, LLC, said, "Private investing in real estate is significantly more effective than putting your money in a savings or money market account. You can enjoy significant rewards in a matter of months."
He cites as a classic example one of his most recent projects; a dilapidated, almost uninhabitable three-bedroom ranch in Oxford that he turned into a cozy starter home for a young family. At the same time, says Duh, the private investor with whom he partnered made a $12,000 profit within 12 months.
The situation was not uncommon. An unattended leak in the property's water supply line had caused severe water damage. The hardwood flooring and even some of the interior walls in the kitchen and adjacent living room had nearly completely rotted away. The basement looked more like a Slip 'N Slide than potential extra living space.
"It was a mess. The floors had completely buckled," added Duh.
Most distressing, he said, was that the gradual decay could have easily been avoided. A simple, timely repair of the leaky water line would have cost no more than $300. Instead, Duh invested $30,000 (1,000 times as much!) just to replace the kitchen and bathroom floors.
Duh warned, "If you have a leaky pipe, get it fixed as soon as possible because these things tend to snowball if left untouched."
The rundown property, of course, presented a golden opportunity for CT Houses, LLC to work a little magic. After fixing the leak they installed new floor joists, drywall, and cherry hardwood floors. The kitchen was given a new countertop, cabinets, and appliances; the bedrooms and bathrooms were refurbished; and the basement was finished providing the home with an extra 400 square feet of living space.
All in all, a remarkable transformation and a happy outcome for Duh, his partners and the home's new owners.
To learn more on how to make money investing in real estate without the tenants, toilets and turmoil, simply "Like" CT Houses, LLC, on Facebook @ www.facebook.com/connecticuthousesinvestors. Also for more information please visit: www.cthousesllc.com
About CT Houses, LLC:
CT House, LLC, established by Oxford native Paul Duh, offers investors the opportunity to make significant financial gains investing in real estate. With more than 19 years in the industry, Duh understands the benefits of this investment vehicle. Investors looking to diversify their investment portfolio and retain more control over their money find CT Houses, LLC to be of great assistance.
Contact: Paul Duh
Telephone: (203) 650-8149
SOURCE CT Houses, LLC