Cute Three Bedroom Ranch Reno

[Jennifer Merrill]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $60,000
Cash invested: $40,000
Sale price: $145,000

This home was owned by a woman who had started to deteriorate health-wise. I had met her son through a contractor, and he asked me to list the home. The owner was a hoarder, and the home had massive amounts of deferred maintenance. I knew if I listed it would be for a very low price, and my commission would be next to nothing. Instead of listing the property I BOUGHT IT!