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Updated 20 days ago on .

User Stats

304
Posts
151
Votes
John Powell
  • Real Estate Agent
  • Kennesaw, GA
151
Votes |
304
Posts

Acworth Fix and Flip

John Powell
  • Real Estate Agent
  • Kennesaw, GA
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $206,000
Cash invested: $30,000
Sale price: $295,000

Acworth Fix and flip

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

Prime Location close to downtown entertainment district.

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

internet lead source for Realtor business.

How did you finance this deal?

Private Money partnership

How did you add value to the deal?

we offered smooth transition to the seller, quick close and then did a full clean out and cosmetic rehab

What was the outcome?

$35K profit

Lessons learned? Challenges?

Always check the attic!! this small home had a full dumpster worth of junk in the attic that was not planed or budgeted for.

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

I was the Realtor on both sides of this deal

  • John Powell