Updated about 2 years ago on . Most recent reply
Fix and Flip Chicago
Investment Info:
Single-family residence fix & flip investment in Chicago.
Purchase price: $74,500
Cash invested: $36,900
Sale price: $206,000
Rehabbed 3 bedroom 1 bath property on the South Side of Chicago.
What made you interested in investing in this type of deal?
Size of property, location, simple rehab
How did you find this deal and how did you negotiate it?
Wholesale
How did you finance this deal?
Finance of America
How did you add value to the deal?
Remodeled the property: New windows, refinished hardwood, new kitchen, new doors, vinyl plank flooring, stainless steel appliances, washer/dryer, quartz countertops.
What was the outcome?
Flip- Profit
Lessons learned? Challenges?
Simple is key. The easier the rehab the smoother the process
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Finance of America
