Our latest SFH project

[John R Kepler]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $105,000
Cash invested: $124,000

3/1 SFH, 1118sf. On .69 acre lot in quiet neighborhood. Currently on MLS at $179900. Lots of showings but only one low offer in 7 days. I would be happy to BRRR this one.

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

SFHs is all we have done so far so this was in our wheelhouse.

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

Originly listed at $99,900. in December 21. I offered 101,000 anticipating multiple offers. Got it for $105,000 all cash quick close on best and final.

How did you finance this deal?

All Cash

How did you add value to the deal?

Cosmetic rehab inside, new Stainless appliance package. According to SNs HVAC, air handler and waterheater were all recent (2 years). Pressure wash and yard work outside. New roof with transferable warranty. Finished the carport laundry room with ceiling paint FRP walls and lvp flooring and new lighting.

What was the outcome?

TBD

Lessons learned? Challenges?

It is nice to be able to hold free and clear to see if someone will pay your price. On the other hand your cash is tied up while you wait. We knew going in that we wanted a home run or keep it and are prepared to let it sit for 90 days or so. In the mean time back out there looking for the next one.

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

My agent brought me this one. If you need an agent in south central Ga I will put you in touch.