Updated over 5 years ago on . Most recent reply
Helped client find a value-add bump-up flip
Investment Info:
Single-family residence wholesale investment in Silver Spring.
Purchase price: $290,000
Cash invested: $120,000
Helped a client find this flip; it's more of a bump out
We got it for $290,000 including all fees, will add $120,000 of value by renovating and bumping up from a rambler to a 2 story home. New value based on comps -> Minimum $610,000
What made you interested in investing in this type of deal?
I invested my time in helping him find this
How did you find this deal and how did you negotiate it?
Researched neighborhoods
How did you finance this deal?
Cash
How did you add value to the deal?
Bump up
What was the outcome?
Working on it now
- Kanwar Sodhi