Updated over 4 years ago on . Most recent reply
Farmhouse Flip and Fix
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $151,000
Cash invested: $228,000
Sale price: $518,000
Full remodel. Lifted the 1840's Farmhouse and poured a new foundation, Added a master bathroom and a designer kitchen.
What made you interested in investing in this type of deal?
Good deal found on the market
How did you find this deal and how did you negotiate it?
MLS, made an offer $49K less asking price
How did you finance this deal?
self financed, except $50K from Hard lender
How did you add value to the deal?
Added a brand new basement, added a 600sq ft master bathroom using attic space, added a eat in dinning room where the old stairs went to the attic approx 78sq ft.
What was the outcome?
over 100K profit
