Single-family residence fix & flip investment in North East.
Purchase price: $85,000
2Br/2Ba 1,700 sqft needs 60,000 in renovation. Was appraised for an ARV of $258,000.
What made you interested in investing in this type of deal?
Property is near other investments. Will be a good BRRR if we decide not to sell.
How did you find this deal and how did you negotiate it?
Property was a foreclosure, dealt with the bank's agent.
How did you finance this deal?
20% down & hard money for balance.
How did you add value to the deal?
Renovating kitchen and master suite for functionality.
What was the outcome?
2bed 2 bath @ 1700 sq ft...sounds to me you can open it up to a 4bed...purely just looking at the sq footage. Congrads by the way
Congratulations on this great deal! Keep us updated on the proceedings and good luck!
Jay, Exactly what we're planning to do. Space upstairs will make a great master suite and adjacent smaller bedroom.
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