Updated over 5 years ago on . Most recent reply
Fix & Flipping long island New York
Investment Info:
Single-family residence fix & flip investment in N Merrick.
Purchase price: $379,000
Cash invested: $58,000
Creative Dreams Realty totally renovated this house top to bottom inside and out another great house remodel by me and my cousin. We put out a great product we just need help finding better deals and network more.
What made you interested in investing in this type of deal?
Learning all the aspects and trades to be more rounded and make money
How did you find this deal and how did you negotiate it?
MLS and talking to people
How did you finance this deal?
Hard money
How did you add value to the deal?
By totally renovating this house and bring the AVR up
What was the outcome?
We renovated this house in 2 1/2 months and then sold it
Lessons learned? Challenges?
just more stuff on what to do and what not to do
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes my cousin/partner Nick
Most Popular Reply
@Scott Wolf
Thanks alot we try to put out a great product so we can grow our business we do each house like were going to live there. Our ARV was $585,000 and profit was around $60,000. We joined bigger pockets to network find leads and meet people to help us grow and find better deals