Oklahoma City Flip

[Jordan Long]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $340,000
Cash invested: $240,000
Sale price: $725,000

Completed a full gut renovation, including all-new electrical and plumbing systems, a redesigned roofline, and comprehensive interior and exterior updates. The project also featured new flooring throughout, fresh interior and exterior paint, and fully renovated kitchen and bathrooms.

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

The amount of work that was needed and that the property was off market.

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

A family member worked with the seller, who discussed selling their home off market because of its condition.

How did you finance this deal?

We put roughly 120K down on the deal and did hard money at 11.75% for the remainder.

How did you add value to the deal?

New roof, new electrical, new plumbing, new floors, new kitchen, new baths and fresh paint.

What was the outcome?

Sold for a profit.

Lessons learned? Challenges?

Dealing with contractors while living out of state became ver difficult. The projected ended up taking 3 times as long as we expected it to take.

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

Yes, I we worked with Brie Green who did amazing as an agent. She was extremely professional and always provided a solution.