Late 18th Century Full House Renovation

[Jennifer Merrill]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $121,000
Cash invested: $100,000
Sale price: $293,000

150 year old 4 bed, 2 bath full renovation.

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

The gateway to financial freedom

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

I found the deal on hubzu during Christmas vacation, and won the bid

How did you finance this deal?

This was financed with hard-money private lending.

Lessons learned? Challenges?

Old homes hide issues. When you open the can of worms, some will be rotten.

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

I used a private lender, and local inspector.