Investment Info:

Single-family residence fix & flip investment.

Purchase price: $61,100
Cash invested: $1,900
Sale price: $97,500

This was a challenging deal. Big props to the local agent, Lee-Ann Henry, who helped me coordinate the sale on this.

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

Seller had a lot of motivation and was willing to give me deal for a quick sale.

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

Found via my Google Ads.

How did you finance this deal?

No financing.

How did you add value to the deal?

Renovations to exterior to meet safety standards, Full clean out, & deep clean

What was the outcome?

36k gross profit.

Lessons learned? Challenges?

Disaster was a Near-miss, considering this property was pitched, inspected, bough, & taken title to, under the impression that it was a SFH. Turns out it was a double-wide mobile home that was yet to be de-titled. All data, including the full home inspection, initially reported the property to be a single-family. Title company made no disclaimers either. Massively impacted out ARV estimate, but we still made profit. Shoutout Lee-Ann Henry for coordinating de-titling and exit sale.

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

Lee-Ann Henry in Blairsville Pennsylvania charged 4% as a dual agent, since she brought the end buyer to the deal directly, and she pulled many strings with the previous seller to get this property de-titled. Massive help, unlikely the deal would've moved as soon as it did if it weren't for her putting in the work.