Fix & Flip 2745 Lay Ave Knoxville, TN

[Michelle Golden Champ]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $135,000
Cash invested: $130,000
Sale price: $349,900

Better than new! Step in to a bright and airy living room with large windows that allow natural light to flood in. The open floor plan seamlessly connects the living room to the kitchen, making it perfect for entertaining guests. The updated kitchen boasts all new stainless steel appliances, quartz countertops, ample cabinet space, with soft close cabinets, a pantry and a convenient breakfast bar. The dreamy master bedroom is spacious, offering a large walk-in closet and a master bath you have

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

Off market

How did you finance this deal?

Heloc

How did you add value to the deal?

Repair foundation, updated siding to front of the house, used medium to high end finishes, beautified the landscaping

What was the outcome?

Currently listed

Lessons learned? Challenges?

Have a clear and concise written agreement with contractors

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

Charles Gorman