Miramar Beach Townhome Flip

[Ricardo Hidalgo]

Investment Info:

Townhouse fix & flip investment.

Purchase price: $247,000
Cash invested: $100,000
Sale price: $485,000

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

I saw a good profit margin and the property was in a good location.

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

I found this deal cold calling and gave him an as is offer with concessions being paid out by the seller minus doc stamps on the deed.

How did you finance this deal?

15% down conventional

How did you add value to the deal?

Renovated the entire place and added a new bathroom. Completely gutted the property.

What was the outcome?

Sold for $485,000 with $160,000 in profit in 2 months of work.

Lessons learned? Challenges?

Always plan and prepare for the unexpected

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

I am an agent