Single-family residence fix & flip investment in Lindenwold.
Purchase price: $40,000
Cash invested: $40,000
Sale price: $95,000
Townhouse with a unhealthy HOA
What made you interested in investing in this type of deal?
The numbers made sense and I s trying to improve the market
How did you find this deal and how did you negotiate it?
I searched online and I found it on an auction site
How did you finance this deal?
I used my own cash
How did you add value to the deal?
I renovated 85/90% of the property
What was the outcome?
I made a lot of mistakes and failed forward. I made money but not what I expected. I did sell it for more than the comps stated
Lessons learned? Challenges?
I learned a lot about buying within an hoa
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I worked with a real estate agent that I didn’t think did a very good job
Thank you for sharing! What did the agent do (or didn't do) that you disliked?
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