University Park Durham, NC FIX & FLIP

[Katie Rother]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $420,000
Cash invested: $120,000
Sale price: $635,000

Full Gut, Durham Single Family home with Basement in University Park, near Duke University.

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

First group project with a Fix & Flip

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

Off Market deal, negotiated deal for clients & participated in the design, rehab and investment

How did you finance this deal?

Lending & Cash Renovation

How did you add value to the deal?

Full Gut & Redo of interior & exterior

Lessons learned? Challenges?

Group projects are hard :) Working to collaborate, decide who is doing what, and how to work together can be a struggle with different personality types.