Updated about 3 years ago on . Most recent reply
Fix & Flip - Midlothian, VA
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $410,000
Cash invested: $40,000
Sale price: $612,000
Single family residence - 5 bedroom, 2 full, 2 half bath - 4000sqft
What made you interested in investing in this type of deal?
The potential ROI
How did you find this deal and how did you negotiate it?
Off market listing
How did you finance this deal?
Private investor
How did you add value to the deal?
Doing the work and design ourselves
What was the outcome?
$162K profit
Lessons learned? Challenges?
COVID backorders slowed down our completion, putting us behind schedule
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Susan Morris
