Portsmouth Virginia Flip

[Jacob Sloop]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $146,300
Cash invested: $42,000
Sale price: $269,900

Full cosmetic rehab, including new HVAC kitchen, bathrooms floors, fence garage doors and paint!

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

Home was built in 2010 had good layout and good comps

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

MLS, offered above asking

How did you finance this deal?

Hard Money

How did you add value to the deal?

Full cosmetic rehab

What was the outcome?

Sold above asking for a roughly 45k net

Lessons learned? Challenges?

Turn the water main off on demo day !!!

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

I was agent on this deal, my first listing!