125 Markon Blvd (Mold Home)

[Timothy James]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $255,000
Cash invested: $15,000
Sale price: $325,000

Home had mold - had to sell

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

Very low price and great location plus proximity to beach and demand for 3 bed 2 baths in area

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

Coldwell agent found it and I did fha and lived on side during Reno

How did you finance this deal?

FHA

How did you add value to the deal?

New flooring and kitchen

What was the outcome?

Sold for profit due to mold being found

Lessons learned? Challenges?

Do not buy a modular home in FL

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

Yes I was the agent for the sale