BRRR method in action; Out of state investor

[Jacob Messer]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $105,000
Cash invested: $40,000
Sale price: $187,000

Everyone loves a quick and profitable flip.
This house was in halfway decent shape when we got it. Just needed some love.

We gutted the entirety of the upstairs bathroom and kitchen.
Drywall repairs where needed and paint all over.
Sanded and refinished the hardwood.
Laid vinyl flooring where needed (kitchen, bathroom, one of the bedrooms).
Added a few windows & a new garage door.
Just to name a few things.

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

This house was great for the portfolio; It was a home run from start to finish for everyone involved.
We love being apart of projects where everyone is happy. Smiles are key to repeat business haha.

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

An out of state investor bought the contract from a wholesaler we're connected with. We were recommended for the project. It was a simple matter of coming in with a bid that satisfied the needs of the house while minding the needs of his wallet.

How did you finance this deal?

Investor used the BRRR method

How did you add value to the deal?

We completed the flip in a month's time

What was the outcome?

$40k profit for investor; everyone happy!

Lessons learned? Challenges?

sanding and sealing the hardwood is always a good choice. It looks so good.