Live and Flip, northern NJ
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $265,000
Cash invested: $151,000
Sale price: $460,000
Live and flip
What made you interested in investing in this type of deal?
Quality of life / change
How did you find this deal and how did you negotiate it?
MLS/ put in an offer
How did you finance this deal?
Conventional loan
How did you add value to the deal?
Bought it as a distressed property and completely renovated bathroom kitchen flooring basement landscaping
What was the outcome?
Made a good return and learned a ton
Lessons learned? Challenges?
Patience is key. Don't stop.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Frank DeSantis at New Jersey lending. This guy knows how to make deals happen.