Updated 13 days ago on . Most recent reply
live and flip a single family house
Investment Info:
Single-family residence buy & hold investment in Levittown.
Purchase price: $331,000
Cash invested: $80,000
I bought this super old 1200 sqft standard Levittown house and did everything cosmetic
What made you interested in investing in this type of deal?
This is not a deal at all. we need a larger place so we buy one.
How did you find this deal and how did you negotiate it?
Still on market. I didnt negotiate at all just paid full price. probably overpaid 10k.
How did you finance this deal?
Conventional loan via credit union.
How did you add value to the deal?
new floor, new kitchen and fix everything that need to be fixed
What was the outcome?
its a ok deal, cash flows ok, if we sell we break even, just a standard SFH rental
Lessons learned? Challenges?
kitchen updates are not too hard, floor installs are also not too hard, some minor structual issue is also not too scary.