Updated about 4 years ago on . Most recent reply
8275 Birch Tree Loop
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $445,000
Cash invested: $3,500
Sale price: $500,000
4Bed/2.5Ba, 3-Car, 3308sf Ranch with basement.
What made you interested in investing in this type of deal?
Location, Price, not a lot of work needed, temporary home for us.
How did you find this deal and how did you negotiate it?
Realtor.com and negotiated directly with listing agent without an agent of my own
How did you finance this deal?
VA
How did you add value to the deal?
Painted interior, updated landscaping, added barn doors and other custom features on interior.
What was the outcome?
Sold the home in less than 8 months for $500k.
Lessons learned? Challenges?
Nothing glaring on this deal.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Laura Stewart, Home Smart Realty out of Denver, CO.
Most Popular Reply
Great deal! We had sold a property for a large gain last year and somewhat wished we hadn't, but we wouldn't have been able to buy our current BRRRR and start our first Airbnb so we take decisions for what they are and move on to the next opportunity. Keep moving ahead!