Single-family residence fix & flip investment.
Purchase price: $52,000
Cash invested: $145,000
Sale price: $575,000
30 years Servicing Reo Property , 18 years Reo investing , Seeking Private Investor for Reo deals in the Houston Texas Market
What made you interested in investing in this type of deal?
fast turn around area
How did you find this deal and how did you negotiate it?
It was a property I was serving for A bank when I found it, Asset manager told me the numbers I need to be at to get it
How did you finance this deal?
How did you add value to the deal?
Add 600 SQ Master Bedroom and Bath
What was the outcome?
over $200 K profit
Lessons learned? Challenges?
get to know your city inspector for the area you are invest in
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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