Recently sold made my money back

2 Replies

Investment Info:

Single-family residence fix & flip investment in Livingston.

Purchase price: $620,000
Cash invested: $500,000
Sale price: $1,475,000

Recently sold made my money back

What made you interested in investing in this type of deal?

Been eyeing this market so always looking for distressed properties in the area

How did you find this deal and how did you negotiate it?

found the lead from www.listability.com

How did you finance this deal?

Self

How did you add value to the deal?

Complete gut work done on old house except the foundation

What was the outcome?

Beautiful house that got sold within 3 days in the market

Lessons learned? Challenges?

Construction cost was an issue as prices were high at that time and still are

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No

Originally posted by @Meghna Deshraj :

Investment Info:

Single-family residence fix & flip investment in Livingston.

Purchase price: $620,000
Cash invested: $500,000
Sale price: $1,475,000

Recently sold made my money back

What made you interested in investing in this type of deal?

Been eyeing this market so always looking for distressed properties in the area

How did you find this deal and how did you negotiate it?

found the lead from www.listability.com

How did you finance this deal?

Self

How did you add value to the deal?

Complete gut work done on old house except the foundation

What was the outcome?

Beautiful house that got sold within 3 days in the market

Lessons learned? Challenges?

Construction cost was an issue as prices were high at that time and still are

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No

 That looks amazing!   Congratulations on a self-funded, self-actualized success! 

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