Rental project that turned into a flip

[Jason Arcuri]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $65,000
Cash invested: $150,000
Sale price: $235,000

Single family flip that was originally bought to be a rental. Upon buying it, covid hit and jacked the prices up. Due to the opportunity, we decided to flip it instead and turn a bigger profit

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

Looking for more rental properties in the areas we like being.

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

Hit the MLS and put an offer in

How did you finance this deal?

Hard money

How did you add value to the deal?

Complete renovation top to bottom

What was the outcome?

Great flip that made us great money

Lessons learned? Challenges?

Be careful in the basement. Entire back wall was unsupported and we had to dig it out ourselves to keep the cost down.