Updated over 6 years ago on .
1950s Flip for the win!
Investment Info:
Single-family residence fix & flip investment in Wauwatosa.
Purchase price: $162,000
Cash invested: $62,000
Sale price: $315,000
This was a FSBO where the seller didn't want to or have the means to update the property. He was looking to move with his son and simply sell quickly, so we helped him out. The home was in a great neighborhood and mainly needed cosmetic repairs. After creating the scope, our designer went to work creating a knockout home that played into the midcentury era of construction. Within two days of listing, we had multiple offers and settled on an offer that was $15k over-asking price. This was both a beautiful home and a great example of flipping at its finest :)
What made you interested in investing in this type of deal?
It had all the makings of an all-around win: the area was right, the numbers were good, the seller was helped, the buyer got a fantastic home. Our process is spot-on!
How did you find this deal and how did you negotiate it?
FSBO. Our Director of Acquisitions did an amazing job, as always.
How did you finance this deal?
Private money.
How did you add value to the deal?
We knew the area and have a firm grasp on what buyers want.
