Updated over 3 years ago on . Most recent reply
Cantonment, FL Flip results
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $106,625
Cash invested: $48,000
Sale price: $235,000
Flip was purchased with termite damage and was mostly gutted. Complete interior renovation, new roof, new HVAC. Additional income will be forthcoming when the additional 2 acres is sold (currently under contract).
What made you interested in investing in this type of deal?
I am a Realtor and I watch to see what investments have potential for flips. My husband is a carpenter and handles most of the renovations and subs out the permit work. I also saw potential in the additional acreage, so I cut 2 acres off the original parcel and now have it under contract to a builder.
How did you find this deal and how did you negotiate it?
Pensacola MLS
How did you finance this deal?
Cash
How did you add value to the deal?
Did the majority of the work ourselves. Cut off 2 acres to be sold seperately.
What was the outcome?
$80k profit on the home with an additional $90-100k pending profit on the land (currently under contract).
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a licensed Realtor so I handled the deal myself.
Most Popular Reply
@Trish Sarfert awesome! way to go!