76 Hillview Ave, Franklin Park NJ

[Nick Webb]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $335,000
Cash invested: $65,000

Fix and Flip property typically what I look for in a deal, very strait forward value add project only requires opening the kitchen to living room area, updating the kitchen and bathrooms and doing a bathroom addition to the second floor.

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

its a typical project for me in Central NJ

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

whole-seller brought me the deal, offered me 350 - negotiated down to 335K

How did you finance this deal?

Private Investors

How did you add value to the deal?

Added a Bathroom upstairs and opening the Dinning kitchen and Living Room

What was the outcome?

Active deal

Lessons learned? Challenges?

being a better transaction coordinator at closing demands you to be very involved the process unless you can outsource the task

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

yea, Martin P. was the buyer Attorney and hes always does an amazing job.