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Updated 10 months ago on .

User Stats

28
Posts
13
Votes
Dw Chalmers
  • Investor
  • Memphis
13
Votes |
28
Posts

The 2 Doors i Hate i sold ๐Ÿ˜๏ธ

Dw Chalmers
  • Investor
  • Memphis
Posted

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $50,000
Cash invested: $33,000
Sale price: $133,000

"Join us for exceptional returns! Acquired duplex at 66% ARV, renovated for max potential. Leased to Section 8 tenants for $1,645/mo. Sold for $133,000, $27,000 profit. Seeking investors for 8-10% returns. Let's partner for success."

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

Originally contracted to wholesale this Dulpex all offers were coming in low so we took it down with hard money and fix and flipped it

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

Lead came in off a bandit sign

How did you finance this deal?

Hard money

How did you add value to the deal?

Full renovated it

What was the outcome?

sold for a $27,857.11

Lessons learned? Challenges?

insulate the crawl space to stop rising moisture

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

Yes we did