2nd Flip in Woodstock
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $146,000
Cash invested: $60,000
Layout change, new kitchen, open floor plan, all new fixtures, paint, floors
How did you find this deal and how did you negotiate it?
Found on MLS
How did you finance this deal?
Cash
How did you add value to the deal?
Layout change and update
What was the outcome?
finishing up now
Lessons learned? Challenges?
Found a rotten subfloor one week into the flip that cost $10k right off the bat. Forced us to over flip the property.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Oliver Sumrall
