Fire House with great potential.

[Danishia Ventura]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $90,000

Single- Family Residence, it caught fire when the neighboring property blew up due to a "gas leak". It's a single story 3 bedroom, 1 bath, 1 car garage home. Sits on a 12,000 sqft lot in an up-and-coming neighborhood. In Third Ward Houston, TX.

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

I was able to purchase this home and the lot next door. I want to put duplexes on both lots, there are 10 or more new duplexes being built or already sold in the area.

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

I found this deal by driving the neighborhood. Reached out to the agent from in front of the property and negotiated a two-transaction cash deal. We had a signed contract within a day.

How did you finance this deal?

I purchased it with cash.

How did you add value to the deal?

I am currently demoing the property now.