Charlotte, North Carolina

[David Bruce]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $201,000
Cash invested: $185,000
Sale price: $485,000

2/1 value add 3/2.

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

Pivoting to investing in Charlotte as a strong growth Market.

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

MLS

How did you finance this deal?

Private and Hard Money

How did you add value to the deal?

was a 2/1 900 Sqft house and added 650 to make it a 3/2 1550

What was the outcome?

Made 50,000

Lessons learned? Challenges?

So many....value add addition is much more difficult than regular flip. The city of Charlotte is one of the toughest cities to get things approved. Don't think I will do any more value adds like this.