Flip project in Easley SC

2 Replies

Investment Info:

Single-family residence fix & flip investment in Easley.

Purchase price: $130,000
Cash invested: $55,000
Sale price: $245,500

Updated an 1991 home to modern finishes and layout. Added 1.5 bathrooms, some landscaping and added an outdoor deck for outdoor living, pressure washed the home and painted the front door to provide a pop of color.

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

Great neighborhood with land

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

My business partner sourced this deal from the MLS

How did you finance this deal?

This was an all cash deal

How did you add value to the deal?

Updated entire home, added bathrooms, landscaping and outdoor entertainment area.

What was the outcome?

Project turned out great!

Lessons learned? Challenges?

This rehab took place during covid and we ran into some material shortages that caused the project to have a much longer timeline then projected.

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