Full rehab in Brooklyn Park!

[Ahmed Bayoumi]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $60,000
Cash invested: $41,000
Sale price: $149,000

We found this house after a terrible fire that destroy much of the attic and roof! We had to completely gut rehab this house to get to a sale-able condition.

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

This house was a big rehab challenge because we had to completely reconstruct the upstairs.

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

This deal was purchased at a foreclosure auction sale at the local courthouse.

How did you finance this deal?

I used a guidance line of credit through a local lender

How did you add value to the deal?

We reconstructed the second floor of the home, along with the attic, Then we replaced the roofing plywood as well as the shingles. From there, we gutted the entire home and rebuilt it. We put in a new kitchen with brand new stainless steel appliances. We finished the basement and added a full bathroom. We also completely rehabbed the upstairs bathroom with a new tub, toilet and vanity. We added recessed lighting throughout the home. We also put in new flooring a fresh coat of paint.