Updated over 3 years ago on . Most recent reply
Lowell Blvd (My first flip)
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $360,880
Sale price: $505,050
This was a full cosmetic rehab. In retrospect, I had complete attic and crawlspace access, and could have done a better job on the rehab with updated wiring and plumbing to eliminate the old-school romex and galvanized plumbing.
How did you find this deal and how did you negotiate it?
Purchased from wholesaler - blind bid.
How did you finance this deal?
Hard Money
How did you add value to the deal?
Full cosmetic - Floors; paint; appliances; kitchen & bath.
Lessons learned? Challenges?
Track expenses and expenditures better. Hire contractors that act like professionals and make suggestions (such as the plumbing and wiring mentioned above.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
James Brown- Check him out at https://www.realhomesolutions.org/
