Turn of the Century Flip

[Marisa Voelkel]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $220,000
Cash invested: $45,000
Sale price: $349,900

Beautiful turn of the century home made new! Fully renovated home ready for new owner.

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

We love the beautiful woodwork and style of old homes. This house was in a great neighborhood and we enjoyed breathing new life into it.

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

We found it through a local wholesaler.

How did you finance this deal?

Conventional loan and construction loan.

How did you add value to the deal?

The floors were maple hardwood throughout, so they were refinished. Tore out the old kitchen and bath and put in modern amenities and touches while maintaining the older home charm. New windows, new deck, fresh paint, new light fixtures and many more little touches brought this home back to life.