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Updated about 6 years ago on . Most recent reply

User Stats

28
Posts
5
Votes
Marques Jackson
  • Flipper/Rehabber
  • VA
5
Votes |
28
Posts

Single Family Flip Sandston VA

Marques Jackson
  • Flipper/Rehabber
  • VA
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $50,000
Cash invested: $75,000

Contributors:
Cameron Douglas

SFH Fix and Flip Coming soon

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

Acquired through off-market from a realtor that I have brought value to previously.
It's in a great location close to the highways but with lots of land.

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

Agent

How did you finance this deal?

Finance of America Fix and Flip product

How did you add value to the deal?

connected it to city sewer
vinyl siding
new roof
AC
adding sq ft by walling in the sun room

What was the outcome?

TBD

Lessons learned? Challenges?

Press harder on negotiations

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

Yes

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