Flip on 290

[Jeyo Punnakottil]

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $150,000
Sale price: $270,000

SFR
shortsale
Buy price :150k
CC: 6250
Rehab :35000
Exit strategy :Depending on the market either flip or Hold
ARV: 275-280k
Rent:1950-2150

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

Real estate agent ,it was a short sale and the agent was listing it for the bank.I was a prefered client for the agent .

How did you finance this deal?

Private money

How did you add value to the deal?

Added one more bed room,it was initally 3/2 .Made it into a 4/2