A Wholesale Purchase from A Friend!!!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $140,000
Cash invested: $54,330
Sale price: $260,000
Fully renovated gorgeous Colonial style home in one of Gardner's best neighborhoods. Gorgeous and original hardwood flooring throughout the house. Kitchen is wide open with plenty of storage and granite counter tops; kitchen is furnished with new stainless steel appliances. Kitchen easily flows into the dining room, along with a generous living room and a sun room on the first level. Three bedrooms with ample closets on the second floor.
What made you interested in investing in this type of deal?
Gardner is our home market, a friend of my partner who does business in Boston was offered the property and her sent it our way.
How did you find this deal and how did you negotiate it?
Call from a friend, we negotiated the sale through a wholesale transaction.
How did you finance this deal?
Fix & flip financing.
How did you add value to the deal?
Kitchen renovation. Bathroom renovation. Flooring refacing. Exterior paint. Landscaping. Electrical updates. Plumbing & heating updates.
What was the outcome?
We made a $47k profit.
