Opa Locka SPECIAL!!!

[George Munoz]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $295,990
Cash invested: $60,000
Sale price: $409,000

What a rollercoaster ride! Dealing with nightmare sellers, including a dog left unattended for days, a break-in, and hidden foundation issues sounds like a real challenge. Not to mention dodging code enforcement for three whole months! On top of that, dealing with neighbor disputes among my workers was a bit tough. But hey, despite the bumps along the way, it all turned out well in the end. I managed to turn this chaotic situation into a nice house. Kudos to resilience and determination!

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

IT was challenging

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

We got it through our wholesale company ..

How did you finance this deal?

A combination of hard money and private money

How did you add value to the deal?

We HAD ( MUST) take down one bathroom that didn't make any sense and combine with another one and make it bigger. Then Take down a wall that will open up to a bathroom on a studio the previous owner made,, and reconfigured that bathroom . Fixed floor foundations and rehabbed intired home..

What was the outcome?

Came out pretty good

Lessons learned? Challenges?

Follow instinct that also go along with budget , if I have an instinct and i have the budget, DO IT , and don't be cheap .. in the long run it will make the house sell fast

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

no, I am licensed