Updated about 7 years ago on .
Our current investment property
Investment Info:
Single-family residence fix & flip investment in Cleburne.
Purchase price: $5,000
Cash invested: $185,000
Sale price: $272,000
Completely remodeled & updated featuring new electrical wiring, plumbing, foundation, two new HVAC units, water heater, over 20 windows, engineered hardwood floors, and all tile and carpets throughout! New kitchen cabinets, new stair railings, new light fixtures, new faucets, and new paint throughout! original wood and artifacts were retained and restored . Parlor, dining, & family room all contain the original art plaster-work. Large yard with 20 x 30 workshop or garage, & wrap around deck!
What made you interested in investing in this type of deal?
the house had potential and was fixing to be knocked down by the City
How did you find this deal and how did you negotiate it?
drive buy, located the owners that had abandoned the property five years before and cut the deal.
How did you finance this deal?
Private bank
How did you add value to the deal?
restored everything brand new
What was the outcome?
still on the market
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Greg Willis, broker
