Current Deal - Hilo, HI

[Monica P. Takabayashi]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $240,000
Cash invested: $10,000

Working on getting this first "OFFICIAL" deal under my belt. I've dabbled here and there but trying to do this first one has been challenging.
$240,000 PP -160,000 rehab - $750,000 ARV - results in 55%LTV, great deal.

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

Owners needed to leave due to health reasons, after getting offers way lower than market - I ran numbers and decided to jump on it and give them what they needed.

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

Worked directly with owners

How did you finance this deal?

Purchase is secured by a long-term escrow with no cancellation.

How did you add value to the deal?

Working on it

What was the outcome?

TBD

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

Myself - Monica Takabayashi, RB Home Suite Homes Realty Hawaii