Fix & Flip in Saraland, AL

[Michael Mergell]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $155,000
Cash invested: $60,078
Sale price: $275,000

Fix & Flip property in great neighborhood in Saraland, AL.

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

Location of property

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

Referral from a past client. Negotiated with the heir of property.

How did you finance this deal?

Cash

How did you add value to the deal?

New roof, exterior paint, interior paint, new bathrooms & kitchen, new flooring, new appliances, granite tops.

What was the outcome?

Sold

Lessons learned? Challenges?

Vet your contractors and hold them accountable. Contracts are the best.

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

Yes worked with Natalie Mergell & Donna Dewberry from LPT Realty LLC