Hoarder House fix and flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $190,000
Cash invested: $190,000
Sale price: $529,000
Full interior and exterior renovation. Gutted to shell, adjusted/opened layout. Build back.
https://www.zillow.com/homedetails/3009-Palm-Ave-Charlotte-NC-28205/6193580_zpid/
What made you interested in investing in this type of deal?
Worst house on street, sold it as the highest for non new build.
How did you find this deal and how did you negotiate it?
While renovating the neighboring house.
How did you finance this deal?
Private Money Lender
How did you add value to the deal?
Added another bedroom and bathroom
What was the outcome?
Increase ARV.
@Jacob Merold- Nice!! I love a good hoarder house flip!