Updated over 2 years ago on .
Another Bolingbrook Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $240,000
Cash invested: $300,000
Sale price: $370,000
This property took us a bit longer than expected as my wife and I welcomed our daughter into the world in the middle of the project, but we were still able to get it ready for the spring market! We completely renovated the home and, of course, ran into a few surprises with the exterior and sewer line, as well as losing a full month while our first buyer could not obtain financing, but are very happy with our outcome.
How did you find this deal and how did you negotiate it?
Found in the "private network" which is basically a "coming soon" for Realtors
How did you finance this deal?
A combination of a HELOC on another property and private financing
How did you add value to the deal?
Complete rehab
