#1 Short-Term & Vacation Rental Discussions Contributor
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- Greer, SC
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Greenville SC Fix and Flip
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $200,000
Cash invested: $150,000
Sale price: $471,000
Cash deal. Someone else had started and got foreclosed on. Bought from private lender via networking.
What made you interested in investing in this type of deal?
profit margin
How did you find this deal and how did you negotiate it?
Real Estate Club Networking
How did you finance this deal?
cash
How did you add value to the deal?
Remodeled entire house
What was the outcome?
It was sold (under contract) via zillow 3 months before house was finished.
Lessons learned? Challenges?
Sub out everything myself instead of depending on GC.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
