Current fix and flip

[Bo Schexnayder]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $8,000
Cash invested: $35,000

2 bed, 1 bath single family home, 808 sqft, Located in Abbeville, La.

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

The purchase price

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

Off market property, negotiated from $15,000 to $8,000. Seller was extremely motivated to sell the property.

How did you finance this deal?

4.85% interest only, on a 12 month construction loan.

How did you add value to the deal?

Nearly a complete gut rehab.