Foreclosure and probate proberty

[Jamie Walker]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $135,000
Cash invested: $35,000
Sale price: $260,000

This property was a foreclosure + probate that had been vacant for 4 years

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

Investors did not want to deal with a foreclosure in default with no probate initiated.

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

Driving for dollars. I found the next of kin and initiated probate

How did you finance this deal?

private lender

How did you add value to the deal?

complete cosmetic rehab with new plumbing

What was the outcome?

successfull flip. Sold on MLS in 2 weeks