Fix and Flip with new roof

[Sheila Smith Oliver]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $499,900
Cash invested: $143,000
Sale price: $650,000

Full remodel with new roof in only 4 months!

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

Close to downtown and on a bus line.

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

Networth (Wholesale)

How did you finance this deal?

Hard Money

How did you add value to the deal?

New roof and added space to primary bathroom with walk-in shower. Added fruit trees and updated pizza oven and outdoor bar.

What was the outcome?

9% cash on cash return

Lessons learned? Challenges?

Expected to sell for $670k but market took a turn with higher interest rates.

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

Yes