Fix & Flip - Henrico VA

[Susan S Morris]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $167,000
Cash invested: $30,000
Sale price: $317,000

4 bed, 2.1 bath single family residence. Bought off market, invested $30K in rehab and sold 4 months later

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

Saw the potential for return

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

Off market through a friend and dealt directly with owner

How did you finance this deal?

Hard money

How did you add value to the deal?

We did all of the rehab ourselves

What was the outcome?

$120K return in 4 months