Fix/flip in Webb City, MO

[Brian Pink]

Investment Info:

Single-family residence fix & flip investment in Webb City.

Sale price: $162,448

Complete remodel from head to toe directly across the street from the Webb City Junior High! This house greets you with a great open concept including 8-9' tall ceilings throughout the entire house! It boasts 2 living rooms, 3 bedrooms, 2 full bathrooms, eat in kitchen with french doors that lead out to a back porch with the most amazing built in benches where you can relax and enjoy the good life! You'll love the style of this house with its front wrap around porch, stained support pillars, black metal awning and so much charm you'll bust! They were even able to keep the historic ''push style'' light switches!

This house has all-new roof, windows, subfloor, waterproof vinyl floor, soft close cabinets, appliances, siding, insulation, HVAC and duct work, light fixtures, tubs and showers, toilets, vanities..... so many updates!!! The back yard is very large and fully fenced in.

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

I knew the profit margins were there when I bought it and it's a very desirable school district.

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

off market deal. I negotiated like a normal deal.

How did you finance this deal?

Conventional loan with construction loan for remodel

How did you add value to the deal?

using comps.

What was the outcome?

tremendous amounts of work and profit.

Lessons learned? Challenges?

hired and fired 3 crews. Learned how to be better with contractors. We ran into alot more than expected for renovation, but I came out on other side much wiser!

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

I'm an agent, so I bought it on my own and sold it not he market.