Updated 6 days ago on .
55 St Johns Ave Savannah GA
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $205
Cash invested: $260
Sale price: $315,000
Single family fix and flip. updated electrical, plumbing, floor, kitchen, appliances, bathroom, paint in and out,
What made you interested in investing in this type of deal?
Loved the neighborhood, great lot and on a quiet street. Rising part of the city.
How did you find this deal and how did you negotiate it?
Found on Zillow and used a friend as a real estate agent. Won a multiple offer situation with the ability to close quickly
How did you finance this deal?
Hard money and gap lending
How did you add value to the deal?
Updated the entire property. New kitchen, bathroom, floors, electrical, plumbing, paint in and out, tile, added laundry room, and office, added a bedroom.
What was the outcome?
Sat on the market a bit longer than we wanted however, ended up getting a decent offer and made a little money!
Lessons learned? Challenges?
Vet agents a little better for marketing parctices.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
