Updated over 5 years ago on . Most recent reply
Vacation rental flip.
Investment Info:
Other fix & flip investment.
Purchase price: $228,000
Cash invested: $135,000
Sale price: $440,000
•$ 228k purchase price
• Commercial 20% down loan
• $56k spent on renovations
• $440k sale price
• $132k profit
What made you interested in investing in this type of deal?
Single family home flips are too common, and we wanted to try and find a more niche model.
How did you find this deal and how did you negotiate it?
It was a long term Realtor.com listing.
How did you finance this deal?
20% down commercial loan with a 30 year term.
How did you add value to the deal?
Renovations.
What was the outcome?
$132k profit
