Another Flip: right floor plan will help you get top dollar
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $63,000
Cash invested: $32,000
Sale price: $138,000
converted the garage into additional living space. added a new half bath. basically a new house with new roof, new kitchen and bath, new windows. and we did a cute landscape..
What made you interested in investing in this type of deal?
good neighborhood
How did you find this deal and how did you negotiate it?
kind of fell on my lap- no one else wanted it
How did you finance this deal?
LOC
How did you add value to the deal?
add a half bath in the hall way, converted the garage into additional living space
What was the outcome?
sold
Lessons learned? Challenges?
working with a different city inspector from the last flip, different cities have different rules. this one is not very friendly at all. that delayed my process
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
my agent is the broker i work for now. I do have a few lenders that I like to work with
