Completed Fix and Flip

[Rob Bowness]

Investment Info:

Townhouse fix & flip investment.

Purchase price: $250,000
Cash invested: $72,000
Sale price: $405,000

118 Wagon Wheel Road is a 3bedroom, 3bathroom townhome located in Sparta, NJ. We completed a cosmetic rehab including replacing the kitchen, bathrooms, flooring, paint and adding recessed lighting.
We funded this project using a conventional loan and using our capital for a down payment and construction costs. We held this property for two months longer than anticipated but did receive a strong offer of 405k. We made a nice profit, and the buyers loved the townhome.

[Rob Bowness]

Thank you @Tyler Fontaine, we needed a win!