8275 Birch Tree Loop

[Robert Brant]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $445,000
Cash invested: $3,500
Sale price: $500,000

4Bed/2.5Ba, 3-Car, 3308sf Ranch with basement.

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

Location, Price, not a lot of work needed, temporary home for us.

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

Realtor.com and negotiated directly with listing agent without an agent of my own

How did you finance this deal?

VA

How did you add value to the deal?

Painted interior, updated landscaping, added barn doors and other custom features on interior.

What was the outcome?

Sold the home in less than 8 months for $500k.

Lessons learned? Challenges?

Nothing glaring on this deal.

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

Laura Stewart, Home Smart Realty out of Denver, CO.

[Robert Brant]

Quote from @Rodney Sums:

Quote from @Robert Brant:

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $445,000
Cash invested: $3,500
Sale price: $500,000

4Bed/2.5Ba, 3-Car, 3308sf Ranch with basement.

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

Location, Price, not a lot of work needed, temporary home for us.

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

Realtor.com and negotiated directly with listing agent without an agent of my own

How did you finance this deal?

VA

How did you add value to the deal?

Painted interior, updated landscaping, added barn doors and other custom features on interior.

What was the outcome?

Sold the home in less than 8 months for $500k.

Lessons learned? Challenges?

Nothing glaring on this deal.

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

Laura Stewart, Home Smart Realty out of Denver, CO.

 Dang man when I read your figures I thought to myself "I would have held that".  looks like your property improved about 200k from the price you bought it from.  However after the cost of sale, that's a good return on your $3500.  Where you able to take your proceeds and put it toward something that did better than the appreciation this home has had since you sold it?

 Yes, we purchased the Townhome in Georgia that we were going to rent but the market was so hot when we finished, we decide to sell it also. Looking back, it we would have held on to both and rented them out, we probably would have been much better off.