My first large project in Phoenix, Arizona

[Art Shalomov]

Investment Info:

Single-family residence fix & flip investment in Phoenix.

Purchase price: $235,000
Cash invested: $150,000
Sale price: $570,000

This was my first large project in Central Phoenix

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

This

How did you finance this deal?

I had conventional financing on it and used a HELOC from my primary residence to finance the rehab.

How did you add value to the deal?

This was a 3bedroom 1 bath, 1250 sqft. Added 900 Sqft plus a 2 car garage, this became 4 bedroom 2.5 bath.