Updated over 1 year ago on .
πWho said the fix and flip was dead!π
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $125,000
Sale price: $279,000
Family time completing this fix and flip in Middle Tennessee. It was all hands on deck! The transformation was something incredible and it turned out better than we ever could have imagined!
What made you interested in investing in this type of deal?
The potential profit margin was great!
How did you find this deal and how did you negotiate it?
This was listed in the mls however it was in need of much repair and was a cash deal only.
How did you finance this deal?
Equity line
How did you add value to the deal?
I think the extra money spent on new flooring, custom tile work, new cabinetry, and granite countertops took this house to a different level.
What was the outcome?
The house sold before hitting the mls!
Lessons learned? Challenges?
We subcontracted the drywall decided to go with a new crew and there were some delays and work that was subpar. Still trying to find a good crew for this in the future.
