Single-family residence fix & flip investment in Lauderhill.
Purchase price: $95,000
Cash invested: $55,000
Sale price: $215,000
Pre-foreclose, elderly person living in the house in a extreme poor condition , we offer alternative for his living , We help the owner with a better place to live , we help the bank by giving them Money for a deal that will take a lot of money to be back and functional , we hale the neighborhood by eliminating a house that was a close to tear down and in a bad shape ,
What made you interested in investing in this type of deal?
Somebody had the challenge, we had the solution
How did you find this deal and how did you negotiate it?
Listening the owner challenges and offer all solution that were in my ability
How did you finance this deal?
How did you add value to the deal?
What was the outcome?
Real estate is also to help others to find solutions for their challenges ..... we help a few business to gain money and we offer jobs to a few contractors to help us with our project , we make some profits so win win situation .
Lessons learned? Challenges?
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
inspectors , title , agents
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