My Fix & Flip

[Ana Dunkers]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $181,000
Sale price: $386,000

Fully Renovated home w/ modern design, 4 beds, 2 full baths, & finished basement. Located on a quiet street, close to local shops. Brand new electrical, & new interior plumbing, central air & heat. Beautiful HW Bamboo floors on 1/2 fl. Basement has new laminate floors. 1st fl has open concept, spacious kitchen w/ granite counters, island breakfast bar w/ seating, modern light fixtures, & SS appliances. Kitchen has adjoining dining area & sliding door to a deck & spacious backyard. 1st floor also includes large sunny living room, 2 spacious bedrooms on 1st floor & full bath w/ modern fixtures. 2nd fl features 2 bedrooms incl. Jack & Jill bathrm & double vanity, spacious closets & sitting area. Large Basement perfect for game or play room. Adding railings, shutters, numbers, & mailbox. Room sizes not to scale

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

I was interested in renovating a property from start to finish.

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

I found the deal on the MLS.

How did you finance this deal?

Hard Money

How did you add value to the deal?

Acted as a realtor, selected all materials, designer, worked with the architect, hired all the contractors, interacted with the township on permits & inspections.

What was the outcome?

Renovated property and received multiple offers upon listing.

Lessons learned? Challenges?

I would have considered not gutting the entire property because it increased the requirements from the township.

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

Hard money lender