First Maryland project in Lusby, MD

[Mike Stup]

Investment Info:

Single-family residence fix & flip investment in Lusby.

Purchase price: $147,000
Cash invested: $18,000

9/29/19: 1st flip in MD has begun. 4BD, 2.5BA, 2,088 sqft. 1,000+unfinished basement. ARV $265,000. Acquired home through online auction with cash on 8/29/19. Holdover owner-occupant was a challenge...30 days to vacate. Learned how important diplomacy and empathy are in order to take the least-expensive route.