Updated about 4 years ago on . Most recent reply
Burned out property given a new life
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $62,900
Cash invested: $57,000
Sale price: $181,500
Bought a "burn out" home that had a rehab started, but the owner ran out of money. Inside was open studs when we bought. We completed the renovation and rebuild with all permits. Property sold for highest price in neighborhood at the time.
