Marbern Dr. Hagerstown, MD

[Jennifer Roof]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $95,000
Cash invested: $30,000
Sale price: $173,000

Purchase price – 95,000
Closing costs at purchase & sale - $6800
Total renovation costs $21,935
Sold for - $173,000
Total profit – $49,265
https://www.zillow.com/homes/11311-marbern-dr-hagerstown-md_rb/37683475_zpid/
https://www.realtor.com/realestateandhomes-detail/M5889931134
https://www.redfin.com/MD/Hagerstown/11311-Marbern-Rd-21740/home/15360019

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

I was looking for a home we could live in while remodeling.

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

Used a real estate agent

How did you finance this deal?

VA loan

How did you add value to the deal?

Remodeled every room in the house. Added new windows. Updated everything.

What was the outcome?

$49,000 profit

Lessons learned? Challenges?

Hiring a contractor would have made the remodel much faster.