Briardale TownHouse in Derwood
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $224,000
Cash invested: $45,000
Sale price: $338,000
Fix and Flip Townhouse in Derwood Maryland
What made you interested in investing in this type of deal?
It was very close to my home
How did you find this deal and how did you negotiate it?
I bought it from Hubzu Auction
How did you finance this deal?
I used LendingONe Hard Money
How did you add value to the deal?
We completely gutted and rehabbed the house
What was the outcome?
Very fast sale. was under contract in 7 days with 7 different offers over asking.
Lessons learned? Challenges?
I learned a lot about Hard Money, HOA, and dealing with subcontractors.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
My wife Agne Salgado was the realtor.
