Fort Walton Beach Townhome Flip

[Ricardo Hidalgo]

Investment Info:

Townhouse fix & flip investment.

Purchase price: $190,000
Cash invested: $223,000
Sale price: $275,000

List of upgrades included:Stairs Finish
-door hardware as needed
-Bathroom vanities (2 at 2nd floor and 1 for 1st floor)
-Interior paint
-Drywall repair
-Counter top
-Bathroom Floor
-Paint cabinets 
-Fix or replace Slide door 
-fix frog widow
-Instal lights 
-Repaint or replace doors
-fix any loose toilet
-Add a support at fence 
-Fix beam and drywall at garage where termites damages
-fix the air exhaust fan
-Dumpster services 
-Cleaning fix part of the roof, replace screen doors, replace window

What made you interested in investing in this type of deal?

Fast flip and good margin

How did you find this deal and how did you negotiate it?

MLS and offered cash quick close.

How did you finance this deal?

cash.

How did you add value to the deal?

renovated the interior with good finishes

What was the outcome?

Sold for $275,000.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am an agent and I have a contractor.

[Kenneth Garrett]

@Ricardo Hidalgo

Nice job Ricardo.

I moved to Florida a few months ago. I own a STR in Miramar Beach and few properties back in Illinois. I live down the street from Fort Walton Beach. Looking to connect with you or any other investors in the area.