4620 W William Cannon #22

[Meryl Hawk]

Investment Info:

Condo fix & flip investment.

Purchase price: $250,000
Cash invested: $50,000
Sale price: $452,000

Fix & Flip Condo

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

The condos in this neighborhood (Westcreek Ranch) rarely become available, and I realized this condo needed just a few upgrades to sell well, such as quartz countertops, carpet, paint and laminate flooring.

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

I had been keeping an eye on the condos in Westcreek Ranch with a property alert I set up. I appealed to the buyers urgent need to sell with a cash offer.

How did you finance this deal?

Cash

How did you add value to the deal?

Upgrades: quartz countertops, carpet, paint and laminate flooring.

What was the outcome?

$152K gain