Small multi-family (2-4 units) fix & flip investment in North Richland Hills.
Purchase price: $225,000
Cash invested: $71,000
Sale price: $315,000
Quick rental flip in North Richland Hills, TX
What made you interested in investing in this type of deal?
Desirable area and school district
How did you find this deal and how did you negotiate it?
Direct mail and distressed seller
How did you finance this deal?
Conventional with 25% down
How did you add value to the deal?
Unit rehab with rents pushed to market
What was the outcome?
Sold in October
Lessons learned? Challenges?
Even the best tenant screening can’t guarantee a cooperative tenant
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Congrats! Gret Job. Keep it going! I'm interested in looking more into texas. I'm here in San Diego, so the price difference is substantial.
@Logan Hassinger good job. Congratulations!
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