2017 South hill Comstock Park Rehab
Investment Info:
Single-family residence fix & flip investment in Spokane.
Purchase price: $115,000
Cash invested: $7,100
Sale price: $160,000
What made you interested in investing in this type of deal?
My wife and I enjoy working together on projects like this. She's the creative one, and I'm just the muscle. ;-)
How did you find this deal and how did you negotiate it?
driving a neighborhood & saw the sign. Turned out it was bank owned.
How did you finance this deal?
Cash, unfortunately
How did you add value to the deal?
pulled carpet, refinished floor. completely redid kitchen. paint inside and out. sod in front, cleaned and seeded back
What was the outcome?
We had a buyer interested before we were done with the work.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Jamie Mann with Windermere City Group. represented us on both buy and sell.