Flip house #2 Ephrata PA
Investment Info:
Single-family residence fix & flip investment in Ephrata.
Purchase price: $54,000
Cash invested: $30,000
Nice 3 bedroom house in a great part of town
What made you interested in investing in this type of deal?
The market is good in this area and we have a team that wants to do construction work
How did you find this deal and how did you negotiate it?
I found this deal from a wholesaler
How did you finance this deal?
Cash from Heloc
How did you add value to the deal?
Rehabbed everything, Changed the layout on the first floor big time
What was the outcome?
Its gonna be good
Lessons learned? Challenges?
Learning how to be more hands off on this one
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Jeff Dieffenbach is a great realtor in the Lancaster PA area