Quick Flip West Seneca New York
Investment Info:
Small multi-family (2-4 units) fix & flip investment in West Seneca.
Purchase price: $8,500
Cash invested: $4,500
Sale price: $45,000
Bought to fix and flip, put a new roof on and market was so hot I flipped it quick.
What made you interested in investing in this type of deal?
I like buying extremely distressed flips.
How did you find this deal and how did you negotiate it?
R.E.O bank owned
How did you finance this deal?
Cash
How did you add value to the deal?
Putting a new roof on, also providing architectural prints for renovation.
What was the outcome?
Large Positive cash flow.
Lessons learned? Challenges?
None
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No