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Updated over 1 year ago on .

User Stats

26
Posts
14
Votes
Jasmin Elalfy
  • Real Estate Broker
  • Monmouth County, NJ
14
Votes |
26
Posts

Flip in Highland Park NJ

Jasmin Elalfy
  • Real Estate Broker
  • Monmouth County, NJ
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $200,000
Cash invested: $100,000
Sale price: $386,000

We purchased this home from a person that inherited this house from his girlfriend after her untimely and upsetting passing, he could no longer keep with the bills nor keep up with the property. So we bought it from him! There was a wholesaler involved that made a $10k fee it was a win-win-win situation for us all. We love helping homeowners get to the next step that they need to be in life, he ended up renting elsewhere and was pleased to get out the house where she passed. We fully renovated this beauty from head to toe, we enclosed the front porch on this house To create more square footage and we also added a bath. The kitchen was risky as we did NO upper cabinets and black lowers (which was risky at the time it was not so "in")  and butcher block counters but it worked out as we got over asking price!!!!