Successful Flip in Arlington TX
Investment Info:
Single-family residence fix & flip investment in Arlington.
Purchase price: $99,000
Cash invested: $37,000
Sale price: $180,000
https://www.redfin.com/TX/Arlington/2114-Greencove-Dr-76012/home/31942176?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link
What made you interested in investing in this type of deal?
Great neighborhood in an HOA with community center in a desirable area.
How did you find this deal and how did you negotiate it?
Direct mail
How did you finance this deal?
Cash with investor funds
How did you add value to the deal?
Rehab which consisted of the following:
- Roof
- Windows
- Kitchen Remodel
- New Flooring and Paint
- Fixtures
- Landscaping
- Creation of 3rd bedroom
What was the outcome?
Contract in less than 48 hours on the market and sold in 30 days of contract signing.
Lessons learned? Challenges?
Know your rehab costs inside and out.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Westrom Group
Jon Westrom, Owner
