Chicago Woodlawn Flip
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $190,000
Cash invested: $168,791
Sale price: $490,000
Chicago Wood lawn neighborhood fix and flip. Purchased this property from a for sale by owner. Complete gut. See the transformation. https://youtu.be/7pab-zjNoqs
What made you interested in investing in this type of deal?
Location
How did you find this deal and how did you negotiate it?
For sale by owner. Confidence that we will close.
How did you finance this deal?
Renovo
How did you add value to the deal?
Complete gut/remodel
What was the outcome?
Profit
Lessons learned? Challenges?
Time is of the essence. Holding costs adding up quickly.
