Updated over 1 year ago on . Most recent reply
Fix & Flip 2745 Lay Ave Knoxville, TN
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $135,000
Cash invested: $130,000
Sale price: $349,900
Better than new! Step in to a bright and airy living room with large windows that allow natural light to flood in. The open floor plan seamlessly connects the living room to the kitchen, making it perfect for entertaining guests. The updated kitchen boasts all new stainless steel appliances, quartz countertops, ample cabinet space, with soft close cabinets, a pantry and a convenient breakfast bar. The dreamy master bedroom is spacious, offering a large walk-in closet and a master bath you have
How did you find this deal and how did you negotiate it?
Off market
How did you finance this deal?
Heloc
How did you add value to the deal?
Repair foundation, updated siding to front of the house, used medium to high end finishes, beautified the landscaping
What was the outcome?
Currently listed
Lessons learned? Challenges?
Have a clear and concise written agreement with contractors
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Charles Gorman
