Updated over 3 years ago on . Most recent reply
Full rehab project on Marge St
Investment Info:
Single-family residence fix & flip investment in Tucson.
Purchase price: $237,500
Cash invested: $70,676
Sale price: $335,000
Definitely a full rehab! Needed just about everything but still made a bit of money at the end. My numbers reflect all the costs; rehab, selling costs, money costs, etc.
How did you find this deal and how did you negotiate it?
This deal came to me as a referral from a hard money lender.
How did you finance this deal?
I used hard money for this deal. Only closing costs came out of my pocket in the beginning, I did the remodel with a 'draw' but I did have to do repairs on my dime and get reimbursed with the draw.
How did you add value to the deal?
There was an area that was being used as a bedroom. We made it a proper bedroom with a closet and it's own heating/cooling. Otherwise, normal rehab stuff.
What was the outcome?
We made some money, moved on to the next one.
