Updated about 4 hours ago on . Most recent reply
fix and flip.
Investment Info:
Single-family residence fix & flip investment in Magna.
Purchase price: $306,000
Cash invested: $60,000
Sale price: $440,000
single family with minimum updates was turn to a multigenerational living .
all new plumbing,electrical and complete new finishes ....
What made you interested in investing in this type of deal?
This type of projects are the ones I do every day .
How did you find this deal and how did you negotiate it?
found it trough networking
How did you finance this deal?
was able to secure a hard money loan
How did you add value to the deal?
Complete rehab turning a hose that was only 2 bed ,1 bath, into a 3 bath, 5 bed ,compact laundry upstairs ,side by side laundry downstairs to accomplish all of this central air was moved to attic doing this was the best option ,
What was the outcome?
very satisfied and already onto next one.
Lessons learned? Challenges?
the lesson learned was that sometimes less is more .
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
yes, I would .
