Primary Residence w/flip option
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $408,000
Cash invested: $12,000
Sale price: $479,000
Bought property to update cosmetically. Sold FSBO in 4 days, no agent fees.
What made you interested in investing in this type of deal?
Cosmetic value add options, fast equity gain, and high demand area.
How did you find this deal and how did you negotiate it?
Local agent
How did you finance this deal?
Conventional loan
How did you add value to the deal?
Cosmetic updates, bathroom remodels
Lessons learned? Challenges?
It's a large property, which was more overwhelming due to the land.