Single-Family Residential Fix and Flip

[Brad Roche]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $260,000
Cash invested: $80,000
Sale price: $415,000

This was a single-family residence fix and flip purchased back in 2016. The property was in a great location, but everything in the home had to be touched up or fixed completely. This included renovating and updating the kitchen and living room area, moving a bathroom to a new location, updating the basement (Added HVAC ducting throughout the basement), added a bar area, fixing the outdoor landscaping.

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

The property had great bones. Additionally, the property was in a great location, was on a couple acres of land, and was in walking distance from the largest lake in North Carolina.

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

We found this deal by looking through Home Search Engines and working with our Realtor. I pulled Investment and Value reports on the property to help negotiate the price down.

How did you finance this deal?

We financed the home using a Conventional Loan and personally financed all the rehabs ourselves

What was the outcome?

The outcome was that after renting out the property for a couple years- we ended up selling the home for $75,000 profit