Fix and Flip Deal | Aug 2021 - Nov 2021

[Wale Lawal]

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $74,000
Cash invested: $81,000
Sale price: $173,700

More Pictures Here: https://www.har.com/homedetail...

My Fix and Flip Deal is now #Closed
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Congratulations to me on this one.
We definitely rise by lifting others.
This deal was a little bit different because it was not about the profit.
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It was about helping a seller out of a tough situation.
I also use this deal to establish a working relationship with a new contractor and also encourage my team to put people's first.
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Take Advantage of my Top Notch Negotiations Skills and Strategic Real Estate Services.⁠⁠

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

It was about helping a seller out of a tough situation.
I also use this deal to establish a working relationship with a new contractor and also encourage my team to put people's first.

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

Through wholesaling

How did you finance this deal?

Hard money and private money

How did you add value to the deal?

Added a bedroom and a bathroom.
Converted from a 3bed/2bath to a 4bed/2bath
Added a patio and a beautiful backyard.
Scope of work:
✅ Windows
✅ Roof/ Patio
✅ Interior/exterior paint
✅ Flooring
✅ Fixtures
✅ Additional bedroom and bathroom
✅ Plumbing upgrade
✅ Electrical Upgrade
✅ Bathroom turns
✅ Kitchen upgrade

What was the outcome?

Sold for $173,700

Lessons learned? Challenges?

We definitely rise by lifting others.
Control your scope of work and work closely with your contractor to save time and money.
Trust but always verify

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

Yes, I was the Real Estate Agent and I sold it myself.
So I will recommend myself for any action takers out there.