2nd deal complete. On the market & hope for a quick sale

[Nicole Harrington]

Investment Info:

Single-family residence fix & flip investment in Marietta.

Purchase price: $212,000
Cash invested: $265,000

Flipping, 3 bed 1 bath just under 1000 sqft. Reno includes Plumbing repair bathroom gutting, exterior wall replacement due to rotting, and a new floor in the kitchen and laundry room. Lucky there is nice hardwood floors throughout the rest of the home. Painting everything, interior, and exterior. Yard clean up and sheds clean up. Scheduled time frame 6-8 weeks. Achieved finish in 7 weeks
Come check out this MOVE-IN READY NOW, fully renovated ranch featuring a modern farmhouse style, new exterior paint, cedar shutters, and landscaping! The large, level front and back yards are perfect for family gatherings with a multi-purpose outbuilding just waiting for your designs and two beautiful trees providing great shade in the backyard. From the moment you walk in the front door, you’re greeted with newly painted, neutral walls and trim along with the freshly stained original hardwood floors throughout. An open concept in the dining room, family room, and kitchen creates an open and airy feel. New, white kitchen cabinets, new laminate countertop, and white hexagon tile backsplash freshen this kitchen up. The bathroom has been fully remodeled with tub-to-ceiling tiles in the shower-tub combination and a new sliding transom window including farmhouse-style floor tiles to finish this beautiful bathroom. All new attic insulation to keep you nice and warm. The carport can easily be converted into a garage or additional living space. Hurry don’t be late!!!

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

Great bones of the property. The scope of work was manageable. Great original hardwood floors

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

Agent colleague

How did you finance this deal?

Cash

How did you add value to the deal?

Updating everything, replacing plumbing, kitchen flooring, repaired siding, and rotted wood. Refinished hardwood flooring

Lessons learned? Challenges?

Hire a fantastic GC/ or project manager. They are worth gold

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

I am an agent