2nd Time Was Much Better

[Christopher Burgos]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $768,000
Cash invested: $81,000
Sale price: $1,048,000

Incredible Flip that brought a 47% ROI. 5 bed 2 bath home built in 1978. Peaceful passing in the home allowed for a cheaper purchase price. This was my first project pooling funds and it was a huge success! The home had a brand-new HVAC and new windows. It was a fairly easy cosmetic flip. We did decide to use a designer (Against my better judgment) that costs us a pretty penny but our investors left happy!

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

It was a timely opportunity that we had to act on immediately and we did

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

Wholesaler introduced the seller to us

How did you finance this deal?

212 Hard Money Loan

How did you add value to the deal?

Full Cosmetic Renovation

What was the outcome?

47% ROI for our investors and this deal really shook the ground for us. We double-dipped the deal as well and got handsomely compensated on a 3% listing Co-broke

Lessons learned? Challenges?

Don't assume that because someone is a "Real Estate Professional" That they are going to do the job correctly. Unfortunately, my partner had n emotional attachment to the hoe and to our team so there should have been more logic-driven decisions which would've shortened our timeframe.

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

No