Fix and Flip 1304 Sumac

[Eli Corum]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $160,000
Cash invested: $62,000
Sale price: $355,000

Nice looking renovation project

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

I like money

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

Mailers, paid what penciled out

How did you finance this deal?

Bank loan and cash Reno

How did you add value to the deal?

New flooring, interior and exterior paint. Cabinets, countertops lighting, minor electrical and plumbing changes, landscaping

What was the outcome?

Sold at 355k

Lessons learned? Challenges?

This one was a fairly straight forward Reno.

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

Use my own brokerage