Chicago Woodlawn Flip

[Matthew Nosal]

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $190,000
Cash invested: $168,791
Sale price: $490,000

Chicago Wood lawn neighborhood fix and flip. Purchased this property from a for sale by owner. Complete gut. See the transformation. https://youtu.be/7pab-zjNoqs

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

Location

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

For sale by owner. Confidence that we will close.

How did you finance this deal?

Renovo

How did you add value to the deal?

Complete gut/remodel

What was the outcome?

Profit

Lessons learned? Challenges?

Time is of the essence. Holding costs adding up quickly.