SFR Fix & Flip in ATL Western Suburbs

[Scott Stayvas]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $107,000
Cash invested: $80,000
Sale price: $280,000

Sourced an off market fix & flip deal in the western suburbs of Atlanta near an area where I knew an Amazon facility was being constructed and buyer demand would pick up. The area seemed to really gain appreciation in the middle of rehab and boosted an ROI that was already projected to be strong. Renovations were mostly cosmetic but included a new roof, windows, siding, front and back porch and patio, new flooring, paint, kitchen, bathrooms, fixtures. Minor termite remediation as well.

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

I knew that the property would be easy to sell to another investor or owner occupant, as it was affordable and a 3BR/2BA of 1,650SF so it checks the boxes for many prospective buyers. Also the Amazon facility that was under construction at that time in the County was drawing new residents.

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

The property was an off market sale, sourced through a local Realtor contact of mine.