Updated almost 3 years ago on .
30 Day Cosmetic Flip
Investment Info:
Condo fix & flip investment.
Purchase price: $87,000
Cash invested: $12,000
Sale price: $133,000
Homeowner facing foreclosure. Quick 2 1/2 week cosmetic flip. More information is available at https://coremarkhomes.com/before-and-after/
What made you interested in investing in this type of deal?
This was our very first deal and we we're not able to successfully wholesale it. Rather then backing out on the homeowner and risk loosing the property to foreclosure, we opted to take the project down ourselves.
How did you find this deal and how did you negotiate it?
LaunchControl SMS Marketing. Not well. We were soo fixated on price, we didn't learn that the homeowner was facing foreclosure. We now train our staff to listen for four pillars of motivation.
How did you finance this deal?
Hard money and private lender.
How did you add value to the deal?
Complete cosmetic renovation and one window.
What was the outcome?
More information is available at https://coremarkhomes.com/before-and-after/
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
One of the managing partners at CoreMark Homes is an active real estate agent and always does a great job getting our properties sold.
