Renovation in Asheville

[Alexandra Schrank]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $260,000
Cash invested: $110,000
Sale price: $485,000

Listed for sale bid

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

Nice neighborhood, house with deferred maintenance that was needed repairs. Good value add

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

Open market - MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Full renovation

What was the outcome?

Listed for sale now

Lessons learned? Challenges?

Full renovations with foundational repairs down to the studs take time and money. Full cosmetic renovations are easier.

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

Myself