656 Rhodes Rd. - Rehab

[Henry L. Hill]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $135,000
Cash invested: $35,080
Sale price: $230,000

During this rehab we replaced the central a/c, created a Master Bedroom with an enclosure to the Great Room, changed all lighting fixtures, replaced all broken glass, painted full interior, fixed all issues with wiring, countertops, backsplashes, appliances, sinks, faucets, vanities, as well as floating laminate wood throughout except for the Laundry Room, Kitchen, & Bathrooms. For those rooms we installed ceramic tile.

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

Property was full of potential and surrounded by newly developed homes increasing it's value.

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

I am an experienced Real Estate Broker.

How did you finance this deal?

The investor arranged financing.

How did you add value to the deal?

Listed in Description...

What was the outcome?

$60,000.00 profit.

Lessons learned? Challenges?

Code enforcement. I needed to have trash removed almost daily to avoid fines.