Beautiful home in the 85254

[Jamar Taylor]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $960,000
Cash invested: $400,000

Fix and Flip

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

This deal was awesome. I met my partner while looking over a fix and flip for her during December 2021. During that time she asked me if I wanted to partner in a huge fix and flip with her. At first, I was skeptic, but the numbers made sense. I was already doing fix and flips, so it made sense to take away the risk

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

My partner actually found this deal. It initially fell out of contract, so she was able to get it for under asking

How did you finance this deal?

Hard Money Lending

How did you add value to the deal?

To add value we are adding about 2000 sqft to the existing home that sits on an acre lot. We are also adding a casita that will be about 1500 sqft.

What was the outcome?

The project will be done here in july

Lessons learned? Challenges?

What I've learned is having a team is so important. Not just a team, but a team where everyone takes their role serious!

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

Jamar Taylor (retsy)