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Updated 6 months ago,

User Stats

2
Posts
1
Votes
Ian Franklin
  • Investor
  • Wichita Kansas
1
Votes |
2
Posts

Nasty hoarder inherited family feud house

Ian Franklin
  • Investor
  • Wichita Kansas
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,000
Sale price: $210,000

Purchased this property from family of the deceased owner , it was in bad shape and was full of cats and debris . We are almost done rehabbing and ready to put on the market

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

Large return

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

The seller filled out a form on the website

How did you finance this deal?

Hard money

How did you add value to the deal?

Complete renovation

What was the outcome?

Pending

Lessons learned? Challenges?

Do not allow the seller to return for personal belongings after the close without some type of documentation on when they would have everything removed. We went back and forth with them trying to get stuff out they wanted. I could have said this is the date and that's it and I did but they kept putting it off with excuses.