Fix and flip in Brick NJ

[Jasmin Elalfy]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $272,500
Cash invested: $100,000
Sale price: $450,000

This home was neglected by a landlord with tenants living under horrible conditions. We ended up purchasing it through a wholesaler who made a $25,000 assignment fee off of us and we were fine with it because it was still a good deal that made us a lot of money! We did a full renovation, updated everything and virtually staged it it sold over $25,000