Single-family residence fix & flip investment in Lancaster.
Purchase price: $67,500
Cash invested: $58,500
Sale price: $165,000
What a fun project!
How did you find this deal and how did you negotiate it?
We bought from an online auction
How did you finance this deal?
We used a local private money lender
How did you add value to the deal?
We put in a new kitchen, bathroom, flooring, opened up the floor plan, new heating system and roof.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
We used a staging company called Vintage Mill Market and they did a fabulous job!
Congratulations! What kind of due diligence did you do, considering you were bidding online?
@Taylor L. The due diligence that I did was I looked at old MLS listing data sheets and spoke to as many neighbors as I could.
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