Fix & Flip in proximity to Washington D.C.

[Mija Aguilera]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $535,000
Cash invested: $80,000

Property located in Silver Spring, area with strong demand for renovated homes. Silver Spring offers proximity to Washington, D.C., great schools, public transit, and a thriving local community. The area is a mix of established homes and updated properties, making it a prime spot for a fix-and-flip.

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

The opportunity to create value in a high-demand market, combination of strategic location, strong buyer demand, and limited inventory makes it a compelling investment

Strengths.-
Strategic Location: Close to major commuter routes (I-495, US-29) and public transit (Metro).
High Demand: Inventory in Silver Spring remains tight, driving competitive offers for move-in-ready properties.
Diverse Market: A mix of young professionals and families ensures a broad buyer pool.

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

Two year preparation with a combination of networking and market research. Being deeply involved in the local real estate market, I stay connected with wholesalers, realtors, and local investors who often share opportunities.

How did you finance this deal?

Hard money lender

How did you add value to the deal?

Efficient Renovations: Focused on high-impact upgrades like modernizing the kitchen and bathrooms, improving curb appeal, and installing energy-efficient features, which are highly desirable in this competitive market.

Optimizing Layout: Evaluated the property's layout to ensure it met modern buyer preferences, such as creating open-concept spaces.

What was the outcome?

We will have the property on the market by Jan-Feb 2025

Lessons learned? Challenges?

You need to work with RELIABLE contractors & Have a Real Estate Agent that is hunting for opportunities.