Single-family residence fix & flip investment in Endicott.
Purchase price: $44,000
Cash invested: $24,000
Sale price: $95,900
I purchased a SFR on short sale, and was able to secure a construction loan for the purchase and renovation of the home. Between closing costs, holding cost, and funds not covered by the loan I was out of pocket approximately $10K. Upon completion of the renovations I sold the property on a lease option contract for $95,900 collecting a $5,000 option fee and lease payments of $1,250/mth.
Congratulations to you! Success stories are great. Your post is a comment rather than a question, did you have any questions for the Forum?
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you