Updated almost 3 years ago on .
Second real estate purchase
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $295,000
Cash invested: $10,000
Sale price: $325,000
Second real estate purchase. Suited our needs at the time but wasn’t in love with the homes
How did you find this deal and how did you negotiate it?
Found a great realtor through a friend of the family. Offered list with 5k seller contribution at closing
How did you finance this deal?
VA loan, 3.625% 30yr fixed
How did you add value to the deal?
Remodeled master bath
What was the outcome?
Sold in less than 1 month for $30k profit
Lessons learned? Challenges?
This was more of a “means to an end” property than an actual investment property
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Kell & Company