Updated about 3 years ago on . Most recent reply
Fix and Flip in St. Louis, MO - Lafayette Square Neighborhood
Investment Info:
Townhouse fix & flip investment.
Purchase price: $153,000
Cash invested: $200,000
Sale price: $475,000
This was an extremely challenging rehab, especially during the covid time period. It took 3 different contractors but we finally completed this project.
What made you interested in investing in this type of deal?
This was a big job and I wanted to challenge of bringing a completely derelict home back to life
How did you find this deal and how did you negotiate it?
Found this on MLS and my realtor negotiated the deal.
How did you finance this deal?
Hard money
How did you add value to the deal?
Yes, total gut and rehab
What was the outcome?
Sold
Lessons learned? Challenges?
Too many to list. The overall lesson I learned was never to give up. I had a ton of sleepless nights and worry but eventually completed the task.
