Beach Flip Project - Jacksonville Beach
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $550,000
Cash invested: $250,000
Sale price: $950,000
Purchased an as-is home for a fix & flip. Needed a full gut. New flooring, kitchen, baths, roof, and more. No expense was spared as this home was only two blocks from the beach.
What made you interested in investing in this type of deal?
Proximity to the beach.
How did you find this deal and how did you negotiate it?
MLS. With Agent.
How did you add value to the deal?
Open floor plan on the first level. Opened up master bathroom.
What was the outcome?
Great!