Updated over 4 years ago on . Most recent reply
Second house on Rim road with a big profit
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $58,000
Cash invested: $35,000
Sale price: $142,000
This home sold for more than we even thought it would!
We put a new deck, fence, roof, quartz countertops, vanities, flooring, paint and more.
Before 3D
https://my.matterport.com/show/?m=Wz2k1jfn3kg
After 3D
https://my.matterport.com/show/?m=Te1BAm1YkTR
What made you interested in investing in this type of deal?
It was right next door to a house I was flipping
How did you find this deal and how did you negotiate it?
Skip trace, owner made fair offer
How did you finance this deal?
Hard money
How did you add value to the deal?
Being a licensed General contractor I was able to do it at my costs and max profit yet add nice finishes like quartz
What was the outcome?
Sold in 2 months from start to finish
Lessons learned? Challenges?
Even as a GC you can be screwed by subs. Make sure you have good time lines with a little wiggle room
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Longhorn investments llc
