Garrow fix and flip in louisville ky

[Jay Leisten]

Investment Info:

Single-family residence fix & flip investment in Heritage Creek.

Purchase price: $81,000
Cash invested: $44,000
Sale price: $160,000

We also sectioned off the attached vacant lot which we purchased for 1$ and sold that for $19999, getting back all our initial cash back for the hard money loan. Property is currently listed.
SOLD!

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

Wholesaler. originally asking 89.

How did you finance this deal?

hard money lender

How did you add value to the deal?

paint and carpet, all new kitchen updated 2 baths

Lessons learned? Challenges?

first GC didnt have water main repaired in crawl space. this led to moisture problems that cost an extra 3k in costs that he was unwilling to address.

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

myself.