Hartselle Alabama Wholetail

[Chris Mignone]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $40,000
Cash invested: $2,000
Sale price: $70,000

Bought this property from the owner who had used it as a rental and had it sitting vacant because they did not want to deal with the renovations. We ended up deciding to clean it up and re-list it, instead of fixing it up and flipping or keeping it as a rental. We were able to get multiple offers on it quickly since it was a great value and got $70,000 for it. We made roughly $28k on it in about a month for a 70% COC return inside of a month. These are the kinds of deals we shoot for on a regular basis.

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

Great equity in this because the owner did not want to be bothered with the property anymore

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

Cold texting and follow up

How did you finance this deal?

Cash

What was the outcome?

Great profit very quickly