Park City Ski in/out Fix and Flip

[Steele Dewald]

Investment Info:

Condo fix & flip investment.

Purchase price: $825,000
Cash invested: $163,000
Sale price: $1,790,000

This unit had a lot of untapped potential. It featured a big upper level that acted as one massive bedroom with a bunch of beds. It was also outdated which made it a perfect candidate for a fix and flip. We turned the upstairs into two distinct bedrooms with a sitting area in between the two. It turned out better than we had hoped. The unit was a fantastic rental. It brought in 100k in revenue over 3 months in the winter before we sold.

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

We were seeing a lot of success fixing and flipping units in this building. This was one of four that we bought in a very short time frame.