Fix and Flip - turned LTR
Investment Info:
Single-family residence other investment.
Purchase price: $300,000
Cash invested: $33,000
Sale price: $660,000
This was originally a fix and flip but turned into a LTR when the market flipped.
We put a renter in for 2 years and cashflowed about $500+ / mo.
After approx 1-1/2 years we approached the renters to purchase.
What made you interested in investing in this type of deal?
Good flip opportunity
How did you find this deal and how did you negotiate it?
MLS - sat for a long time
How did you finance this deal?
Hard money
How did you add value to the deal?
Rehab
What was the outcome?
$200k+ profit
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
EJC Partners
