Updated almost 3 years ago on . Most recent reply
Dark Horse to Slam Dunk!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $90,000
Sale price: $180,000
This little cape had so much potential, luckily our team saw that and was able to negotiate a low price. It was pretty dark and dingy with a bug problem. My clients transformed this home with a beautiful kitchen, new flooring, updated bathrooms and reconfigured a bedroom to make it much more appealing and useable for the next owner.
What made you interested in investing in this type of deal?
Right price and matched out strategy!
How did you find this deal and how did you negotiate it?
It was on the MLS, it was agent owned and needed a lot of work. We were able to negotiate the price down $9,500, which worked with our numbers.
How did you finance this deal?
I procured a 3rd Party Private Financier
How did you add value to the deal?
Purchase and Selling Strategy! As their real estate agent I help assess the home prior to the purchase and negotiate the best deal possible on both ends. I also figure out what the potential resale will be.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, I am the real estate agent on this deal. I loved being a part this team, and seeing this transformation.
BEFORE
