Investment Info:

Single-family residence fix & flip investment.

Purchase price: $32,000
Cash invested: $138,000
Sale price: $232,000

Gutted a 2 double once the tenants were out and converted to a Single Family

What made you interested in investing in this type of deal?

Preservation of a neighborhood

How did you find this deal and how did you negotiate it?

The owner was arrested for drug dealing

How did you finance this deal?

Private financing

How did you add value to the deal?

We gutted and rehabbed the entire structure

What was the outcome?

Drugs were removed from the corner, home was rebuilt, helped revitalize the neighborhood

Lessons learned? Challenges?

No matter what you do to a home people want shiny countertops

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Licensed Broker kept it in house