Gorgeous 2 story Fix and Flip

[Meka Cayce]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $11,000
Cash invested: $200,000
Sale price: $352,500

This home was a burn house that we completely remodeled and we added a 1st and 2nd floor addition. We went with a black, white and gold mood for this home and I think it came out fantastic. This was a partnership with a cash investor. MOOD Homes did the acquisition, layout, design, staging and listing for the project.

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

I do fix and flips

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

This home was purchased at a foreclosure auction

How did you finance this deal?

An out of state cash investor - we split the deal 50/50

How did you add value to the deal?

Renovation to the existing structure and adding on an addition

What was the outcome?

A sale to a new homeowner!!!

Lessons learned? Challenges?

Possibly didn't need the addition and could've finished the project faster with it.

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

I handled the project from acquisition to listing. MOOD Homes is a Real Estate & Interior Design Firm so we handle the acquisition, layout and design, management, staging and listing. We are a one stop shop for our investors!