Rural SFH - Live in flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $309,000
Cash invested: $30,000
Sale price: $454,000
Full live in remodel including out buildings and dock - Built a hobby farm/hosting business too.
What made you interested in investing in this type of deal?
New asset class - Rural
How did you find this deal and how did you negotiate it?
Found ourselves
How did you finance this deal?
Conventional
How did you add value to the deal?
Full remodel/Business
What was the outcome?
Exited the deal with everything we put in and the margin. We did the sale FSBO.
Lessons learned? Challenges?
Don't discount areas that arent "hot".