Fix and Flip Bi-Level

[Jenny Luka]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $248,000
Cash invested: $70,000
Sale price: $348,000

Completed gutted a 3 bed/2ba bi level to fix and flip.

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

Great layout, yard and location. Simple rehab, mainly cosmetic and removing a few walls

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

auction site

How did you finance this deal?

Cash

How did you add value to the deal?

Removed a wall, renovated head to toe, created dual patio spaces and added a bathroom

What was the outcome?

Sold in 3 days, over asking

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Agent-Seller