Investment Info:

Single-family residence fix & flip investment.

Purchase price: $50,900
Cash invested: $174,000
Sale price: $316,900

2bed 1 bath 1160 sqft burn house, that we transformed into an amazing 4 bedroom 2 bath 1600 sq ft home.

What made you interested in investing in this type of deal?

No one wanted to bring this house to life after this property sat vacant for 10+ years

How did you find this deal and how did you negotiate it?

we found this deal from one of our mentors

How did you finance this deal?

Hard money

How did you add value to the deal?

we removed 260 sqft and added back 650 sqft

What was the outcome?

Under contract in 4 days

Lessons learned? Challenges?

Budgets are guidelines not concrete. architects blow your budget, contractors have great intentions but are like kids you have to watch them

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes