Foreclosure Fix and Flip

[Andrew Jennings Freerks]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $133,000
Cash invested: $61,000

This is a foreclosure fix and flip. We closed in early February 2022 and are currently renovating

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

Hands off deal with high upside

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

Chase Foreclosures

How did you finance this deal?

hard money/ line of credit

How did you add value to the deal?

Gut renovate the entire house. I also walked the property before renovation with the contractor to identify certain ideas to maximize the resale value

What was the outcome?

Still being renovated