All Forum Posts by: T. Story

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Buffalo.

Purchase price: $70,000
Cash invested: $90,000
Sale price: $305,000

This flip we took on after another contractor had it held up for a year. Completely remodeled, all brand new everything including updated floor plan!

What made you interested in investing in this type of deal?

I like working with out of town investors and Corbin LLC is a investor located in D.C.

How did you find this deal and how did you negotiate it?

Investor contacted me

How did you finance this deal?

Investor funds.

How did you add value to the deal?

Our attention to detain and hands on approach to the renovation is what made this deal flourish. Our troubleshooting aspect to everything is what sets us apart from the other guys. Owner works on all jobs and is educated and been in the trades 20 plus years.

What was the outcome?

Outcome was an absolutely positive cash flow on both ends.

Lessons learned? Challenges?

None

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Christine Payne