This was an off market property I came across from a wholesaler. We negotiated a pretty good price and overall the condition of the house just needed cosmetic updated. Our plan was to hold it as a rental but with the market skyrocketing like it did it made since to flip it instead so we have cash on hand for the next property.

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

It was in a great neighborhood so I knew it would go quickly as a rental or a flip.

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

This was an off market property I came across from a wholesaler. We negotiated a pretty good price and overall the condition of the house just needed cosmetic updated.

How did you finance this deal?

For the first time we tried out using a hard money lender. We used Kiavi and the process was extremely simple and closed quickly.

How did you add value to the deal?

Remodel including vinyl flooring, painting, brand new kitchen cabinets with granite counters including new open layout and appliances. Opened wall in between living room and kitchen to make an open floor plan. Both bathrooms got new vanity, toilet and we kept the tiling in 1 bathroom and redid the tile in the other. Replaced water heater, new doors and landscaping.

What was the outcome?

I found out I was pregnant 1 month after buying the home so a lot of the work I had planned on doing myself had to be outsourced. Nothing overly expensive had to be outsourced but vendors were so backed up and it took much longer to complete the house than we planned.

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

Kiavi was our hard money lender. I would definitely use them again. From getting the loan and then once we sold they were quick on responding and even the closing agent said they were quick on replying back to whatever they asked for.

Jenn Barona

352-214-4475

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