This one is in the hopper right now
Investment Info:
Single-family residence fix & flip investment in Thomasville.
Purchase price: $105,000
Cash invested: $124,000
Currently on MLS at $179900. I would be happy to BRRR this one.
What made you interested in investing in this type of deal?
Given the market status in December it was a no brainer.
How did you find this deal and how did you negotiate it?
My agent brought it to me the morning it hit the MLS.
How did you finance this deal?
All Cash
How did you add value to the deal?
New roof, porch railings, shutters, yard cleanup and finished the carport laundry room with paint, lvp flooring, new lighting and FRP walls. New sub-floor and laminate plank flooring inside. Carried the lvp into the bathroom. Striped, repaired and painted original wood sash windows. Remodeled kitchen and new stainless fridge/DW/stove. Full house repaint and brushed nickle door and sink hardware.
What was the outcome?
It is currently for sale at my price. I am inclined to move into a BRRRR for anything less.
Lessons learned? Challenges?
We need to move through projects more quickly by getting out of doing so much of the work ourselves. Who knows how many deals I didn't see while I was busy working on this one.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes. Contact me if you are investing in the Thomasville Ga area
