Dallas Quadplex flip

[Jake King]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Orange Lake.

Purchase price: $550,000
Cash invested: $100,000
Sale price: $857,000

Quadplex that we completely remodeled for the intention of Short Term Rentals. We are managing this property still.

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

The area is perfect for short term rentals

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

It was on MLS

How did you finance this deal?

Traditional

How did you add value to the deal?

completely gutted/remodeled

What was the outcome?

$250,000 positive gain and I am still able to mange the listings.

Lessons learned? Challenges?

don't overspend on the remodel.