Fix & Flip Purchased- $0 out of pocket

[Cassidy Burns]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,000

Single Family Flip. Just purchased for $110,000. Construction Budget of $123,000. ARV: $305,000
Was able to obtain 100% acquisition and 100% construction financing at 11.5% interest. Should be complete with construction in 45 days.

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

Property brought to me off of Facebook. Obtained 100% acquisition and construction financing.

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

Facebook Lead. Made offer and closed within 14 days .

How did you finance this deal?

Hard Money. 100% Acquisition and 100% Construction Financing. 11.5% interest.

How did you add value to the deal?

$123,000 Construction Budget. Floors, paint, electrical upgrade, plumbing upgrade, new kitchen, renovate 1.5 bathrooms, paint exterior of house

What was the outcome?

Putting on market in new year 2025

Lessons learned? Challenges?

TBD

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

Cassidy Burns - BPG Residential