Renovation Project - Shenandoah Valley

[Cassidy Burns]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $160,000
Cash invested: $30,000

Renovation Project.
Purchase Price: $160,000
Closing Costs: $8,000
Rehab Budget: $60,000
Closing / Sales Cost: $22,000
Holding Costs: $6,000
Projected Sales Price: $275,000
Projected Profit: ~$20,000

We are doing another renovation project in the area so able to keep crews circling.

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

Needed next project and have project 3 miles away currently active.

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

Wholesaler

How did you finance this deal?

Hard Money Lender: 100/100

How did you add value to the deal?

Renovations: $60,000

What was the outcome?

TBD

Lessons learned? Challenges?

We want to get into higher price points, but will continue to take projects as they come.

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

BPG Residential