Updated over 2 years ago on . Most recent reply
Piper Drive Gut
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $197,500
Cash invested: $170,000
Sale price: $430,000
complete renovation, full exterior and interior gut.
What made you interested in investing in this type of deal?
profit margins
How did you find this deal and how did you negotiate it?
off market
How did you finance this deal?
hard money
How did you add value to the deal?
full renovation added bedroom and bathroom and finished the basement
What was the outcome?
added value , set the market for the neighborhood
Lessons learned? Challenges?
Terrible flip. I had two contractors walk out on the job. Faulty work doubled my renovation cost and timeline. Due to my design and marketing I was able to sell quickly and salvage the deal.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Elizabeth Marcelline: Investor Friendly Agent! 678-536-3833
