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Updated over 1 year ago,
Kennedy Heights flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $30,000
Cash invested: $86,000
Sale price: $189,500
complete reno...to the bones!! stripped this house completely to studs and started over. new all..except frame and foundation
How did you finance this deal?
paid cash for house, reno loan through Mortgage man
How did you add value to the deal?
by making it awesome
What was the outcome?
honestly not as much profit as I would've hoped for considering the amount of time, but it was my first experience stripping an 80+ year old sided home to the frame, so the experience made it worthwhile and of course, I definitely made a profit.
Lessons learned? Challenges?
in many ways, starting from bones makes things go smoother