Latest project currently underway.
Investment Info:
Single-family residence fix & flip investment in Kansas City.
Purchase price: $34,000
Cash invested: $24,000
Sale price: $99,900
Bought a home initially to fix and rent. We stayed true to the style of home.
Had it appraised, and is now under contract.
What made you interested in investing in this type of deal?
The opportunity to start somewhere with what I had in hand.
How did you find this deal and how did you negotiate it?
MLS, and negotiated in person with realtor/property manager.
How did you finance this deal?
Cash
How did you add value to the deal?
Updates, took care of all big and important stuff.
What was the outcome?
Value was more than I originally thought for neighborhood.
Lessons learned? Challenges?
Don’t listen to people. Lol. Everyone laughed when I told them what I thought it was worth, and it surprisingly came in even higher than my own expectations. I’ve been breaking neighborhood records all year with my investor clients.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am an agent. Represented myself.
