57 Skyview Drive Fix and Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $255,000
Cash invested: $25,000
This Single Family Home was purchased as a primary residence with the aspiration of it being a "Live In Flip" We closed on this property September 2020 however waited until April 2021 to begin renovations. We are hoping that with our 25k investment and current market conditions continuing we will increase our equity to 40k which will be used to fund our future rental home acquisition.
What made you interested in investing in this type of deal?
The location of the home is in a quiet sub division located in a desirable City. This City has a great School System. We were looking for a home to secure prior to transitioning out of the Marine Corps. Overall the house had vast potential for a fix and flip and everything could be done while residing in the property!
How did you find this deal and how did you negotiate it?
This deal was found using the MLS
How did you finance this deal?
Conventional Loan
VA Loan
How did you add value to the deal?
We are currently in the middle of our renovation however, Rehab includes the following;
New LVP flooring throughout
New Cabinets
New Countertops
New Vanities/Toilets
New Paint
LBW Removal/LVL Beam Installation
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Taylor Lehamnn From Keller Williams Elevate Team