Fix and Flip or possible Short Term Rental

[Debra Lyon]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $46,000
Cash invested: $40,000
Sale price: $138,500

Built in 1948 , this little craftsman bungalow is well built and full of charm. The whole house has been completely restored and has been brought back to life. The restoration includes new double pane windows, new roof, siding, new drywall, restored hardwood floors , complete bathroom remodel, in the kitchen new cabinets and granite countertops have been installed, a complete electrical upgrade and for the most efficient heating and cooling 3 mini split heat pumps have been added. Located in West Orange Texas and just a mile from the new Chevron Refinery that is being built. Would make a great first home , Long term , Mid-term or short-term rental.

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

This is our 8th investment purchase, its what we love to do. Bringing back a tired property to life is so gratifying! And, the location is ideal for rental to the people coming to this area for the construction of the new chemical Plant.

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

We found this deal on the MLS with the help of our realtor.

How did you finance this deal?

Bank financing