Purchase / Sale of $237,000 Condo $40,000 gain in 3 months

[Ken Grodner]

Investment Info:

Condo fix & flip investment.

Purchase price: $237,000
Cash invested: $24,000

Purchased in February 2023 and sold in May 2023

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

Saw the potential to add value to this tired property without making a significant investment in time and money

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

Showed it a number of times and observed it was not an appealing property

How did you finance this deal?

Cash

How did you add value to the deal?

Brightened the property with white paint throughtout; secured statement pieces in lighting and decor; selected attractive art and other decorative pieces

What was the outcome?

House sold immeidately - never made it to market

Lessons learned? Challenges?

Exciting opportunity to bring a space to life while generating a healthy return on investment

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

Vikki Grodner