2 Family Fix and Flip Lowell MA

[Todor Ialamov]

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $230,000
Cash invested: $130,000
Sale price: $530,000

This was a 2 family flip opportunity. We bought from a whole seller. Put $130000 in repairs and sold for $530000.

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

Great purchasing price

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

Through a whole seller

How did you finance this deal?

Private money

How did you add value to the deal?

One unit needed only painting. Second unit we created 2 bedroom 1 bathroom in the basement, another bedroom and half bath on the main floor and remodeled all floors

What was the outcome?

Bought for $230000, invested $130000 in it. Sold for $530000.