Nine month long Fix and Flip!
Investment Info:
Single-family residence fix & flip investment in Kansas City.
Purchase price: $85,000
Cash invested: $100,000
This victorian style home located in a prime area of Kansas City needed complete remodeling. We tore down walls, pulled up flooring, installed new windows, demo'd the kitchen and bath and installed new custom built cabinetry as well as painted every room in the house. It went from super ugly to super beautiful!
What made you interested in investing in this type of deal?
The location and style of home.
How did you find this deal and how did you negotiate it?
A realtor found it for me.
How did you finance this deal?
I paid cash
How did you add value to the deal?
I completely updated the entire house by opening up the rooms and putting in quality products throughout.
What was the outcome?
Positive viewers and serious buyers.
Lessons learned? Challenges?
Watch out for contractors and part time workers! They will over charge and take their time doing the work!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a real estate agent.