Morehead City flip and hold
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $170,000
Cash invested: $80,000
We bought this off market from a family friend and it needs absolutely everything. Once its down we will have a great little rental that we can also enjoy.
What made you interested in investing in this type of deal?
Having a cash flowing property on the coast
How did you find this deal and how did you negotiate it?
Off market deal with family friends
How did you finance this deal?
cash
How did you add value to the deal?
We are doing new everything. This is a full gut job in progress
What was the outcome?
Still in progress!
Lessons learned? Challenges?
Pulling permits with a municipality I have no experience with and managing a project from 3 hours away
