Garfield Hts single family flip

[Daryl Anderson]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $49,000
Cash invested: $50,000
Sale price: $137,500

Total renovation of single family. Added a bath to add value

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

Wanted to transition from rentals to flipping

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

Wholesaler

How did you finance this deal?

Cash

How did you add value to the deal?

New kitchen/2ndbath/AC

What was the outcome?

Made $

Lessons learned? Challenges?

It was difficult to work with the city during the pandemic. Hard to get ahold of people and get inspectors out which extended our time line a few months.