Unique Fix and Flip In VA. Lots of built in equity

[Richard Huizar]

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $20,000
Cash invested: $12,000

Borrower purchased this home 20k. Property was land locked and she owned the adjacent property granting access to the main road. Did cosmetic rehab and is putting back on the market for 100k

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

Unique opportunity to invest in someone elses misfortune. Borrower had inside track on this property and is able to turn around for a nice profit.

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

I advertised on Craigslist and structured the deal after reviewing a Broker Price Opinion. The key to this was she had owned a parcel next to this parcel that granted access to the main road. Without her parcel, this property would have been landlocked.

How did you finance this deal?

With Self Directed IRA

How did you add value to the deal?

Deal sells itself. Buy low sell high.

What was the outcome?

Listed for sale after finishing rehab worik