Huntsville Alabama Fix & Flip

[Chris Mignone]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $87,000
Cash invested: $20,000
Sale price: $172,000

Bought this from a burnt out landlord who did not want to deal with getting the existing tenant out. We gave the tenant 30 day notice and allowed her to live there rent free the last month. Between renovations, interest, closing costs, commissions, etc, we were into the deal for about $124k which gave us a net profit of about $48k. This was one of our best deals and netted roughly a 35% COC return. Not bad for an $87k purchase price.

What made you interested in investing in this type of deal?

Great opportunity to keep as a rental or flip

How did you find this deal and how did you negotiate it?

Website lead from Google PPC

How did you finance this deal?

Combination of company money and private money