Updated 2 months ago on .
North Knoxville Quick Flip - 3504 Curtis Ln
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $330,000
Cash invested: $30,000
Sale price: $445,000
Light renovation project picked up through a wholesaler in the area. They had a hard time doing the dispo so I picked it up pretty much where they had it at. Updated in about 30 days and reposted back on the market. Updates included refinishing floors, paint, clean carpets, landscaping, electric panel and h2o heater replacement. used private capital for purchase and rehab. split profit 50/50. would've worked as a BRRRR also. opted to flip.
What made you interested in investing in this type of deal?
Quick turnover
How did you find this deal and how did you negotiate it?
Wholesaler brought it to me after they had a hard time doing the dispo
How did you finance this deal?
Private Capital
How did you add value to the deal?
Surface level updates mostly. Paint, refinish floors, fixtures/lighting, landscaping, replace electric panel, replace h2o heater.
What was the outcome?
Sold 4 days on market for full price
Lessons learned? Challenges?
pretty smooth overall. some permit challenges drug timing out a little longer than planned
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
self represented as agent. Approach Lending is a great south east region capital partner.
- Cory King