Kirkglen Loop House

[Jacob Coffman]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $67,000
Cash invested: $104,000
Sale price: $129,000

SFH that was used as a rental and offered to me by the owner so she could retire.

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

The price was good, the work should have been minimum

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

Friend of a family member

How did you finance this deal?

Cash Deal

How did you add value to the deal?

Renovated the house completely. Got rid of all paneling on the walls and put up sheetrock. Gutted and updated the bathroom. New cabinets, floors, paint, ceiling fans, doors etc.

What was the outcome?

Went under contract after being on the market for 2 weeks.

Lessons learned? Challenges?

The only lesson I need to work on more is staying within my budget. I over did it on the cost of renovations and the market started to shift towards a buyers market which made me have to come down on price but it wasnt bad.