Updated over 6 years ago on . Most recent reply
SFR extensive renovation
Investment Info:
Single-family residence fix & flip investment in North East.
Purchase price: $85,000
2Br/2Ba 1,700 sqft needs 60,000 in renovation. Was appraised for an ARV of $258,000.
What made you interested in investing in this type of deal?
Property is near other investments. Will be a good BRRR if we decide not to sell.
How did you find this deal and how did you negotiate it?
Property was a foreclosure, dealt with the bank's agent.
How did you finance this deal?
20% down & hard money for balance.
How did you add value to the deal?
Renovating kitchen and master suite for functionality.
What was the outcome?
Still underway.
