Updated almost 6 years ago on . Most recent reply
Our most recent project.
Investment Info:
Single-family residence fix & flip investment.
Sale price: $455,000
This was a complete renovation with the addition of a bathroom (4/2 to 4/3) and additional space under air.
What made you interested in investing in this type of deal?
We have done a few projects in the area and know that sales prices are strong and DOM are low.
How did you find this deal and how did you negotiate it?
A local wholesaler told me about the deal.
How did you finance this deal?
Local hard money lending to include some Rehab costs.
How did you add value to the deal?
We completely changed all spaces in the home.
What was the outcome?
Sold for almost what we wanted.
Lessons learned? Challenges?
Too much rehab is the easiest way to go over time and rehab budget.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
We have had good results with Fidus Fi as a hard money partner.
