Updated about 4 years ago on . Most recent reply
Investor- wholesale- Fix n Flip
Investment Info:
Single-family residence fix & flip investment in East Point.
Purchase price: $139,000
Sale price: $308,000
Contributors:
Adam Polokoff,
Matthew Overstreet,
Drew Dotson,
Stone Bettersworth,
Mitchell Kramer,
Christopher Mannella,
Damicco Robinson,
Tyler Uliss,
Jade Bridges
Slam Dunk Deal I sold to one of my investors in Atlanta. This property did really well due to the excellent rehab and appreciation my investor saw. We expected an ARV of $310,000 and our investor sold the home for $308,000 with only 7 days on market. East Point continues to be a hot area to do business and we continue to sell some of the best flip deals to our investor relations.
What made you interested in investing in this type of deal?
we know the area and always work day in day out to get deals locked up in East Point and the surrounding metro ATL areas. If its a deal Skystone will have it.
How did you finance this deal?
This deal was funded using cash by our investor in order for him to fix and flip the home.
How did you add value to the deal?
We sourced the deal, conducted a rehab analysis, did research in the area to find true comps to support the ARV we stated.
What was the outcome?
Our investor was able to do a flip with his established rehab teams and went in to do what they do best. We focused on our job to do what we do best and continue to forge a beneficial partnership.
