Lakehouse flip after Hurricane Harvey
Investment Info:
Single-family residence fix & flip investment in Kingwood.
Purchase price: $130,000
Cash invested: $102,000
Sale price: $379,000
Complete gut/remediation/renovation of lakefront/golf course property in Kingwood, TX. Purchased after Hurricane Harvey and rehabbed and flipped. Took a big risk as it was the first house renovated in that neighborhood and everyone was scared to rebuild.
What made you interested in investing in this type of deal?
the lot was amazing and the view was sublime
How did you find this deal and how did you negotiate it?
referral from a deal that didn't workout
How did you finance this deal?
Paid Cash
How did you add value to the deal?
compelete remodel, replaced electrical, added in PEX plumbing, full remodel inside, knocked out walls, changed up the showers and made an amazing kitchen with top of the line appliances I got at 50% off.
What was the outcome?
I made money
Lessons learned? Challenges?
I learned how to remediate a house myself and how to get a mold certificate
