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Real Estate Deal Analysis & Advice

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Douglas Chasse
  • Investor
  • Connecticut
5
Votes |
17
Posts

Long Term Live in Fix and Flip

Douglas Chasse
  • Investor
  • Connecticut
Posted Jan 15 2021, 11:38

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,500
Cash invested: $45,000
Sale price: $245,000

Long term live in and flip.

What made you interested in investing in this type of deal?

HUD home. Loved the charm

How did you find this deal and how did you negotiate it?

HUD home. Owner Occupant period bid

How did you finance this deal?

FHA

How did you add value to the deal?

Roof, windows, exterior paint and interior paint, bathroom upgrades, kitchen remodel and wall removal.

What was the outcome?

It took an extremely long time and alot of do it yourself work.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was really impressed with my real estate agent. He got my house listed and with 5 offers in two days at above market value. Tommy Dorso Jr. at Mapleridge Reality is a real maven and fantastic negotiator.

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