Fix and Flip Deal

[Kevin Srednoselac]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $105,000
Cash invested: $100,000

Off market acquisition, Rehabbed roughly 80% of the property to the studs.

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

Available inventory for distressed home price.

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

Down the Street Properties LLC

How did you finance this deal?

Fix and flip loan-not quite Hard money

How did you add value to the deal?

General contractor, wholesaler who found deal, listed as the agent and ran every aspect of the project.

What was the outcome?

Property is currently on the market

Lessons learned? Challenges?

Do not view investment properties built before 1950 on a per SF basis, look at it as a per square inch basis because every square inch will need to be addressed.

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

Absolute Realty Solutions