Full Rehab DUPLEX in Miami

[Al Sundblad]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Pope Valley.

Purchase price: $264,000
Cash invested: $120,000
Sale price: $640,000

Duplex caught on Fire. Complete full rehab.

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

I look for distressed properties to get better profit margins

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

Wholesaler.
Asked Price $290.000
Purchase Price $260.000 + Closing Costs

How did you finance this deal?

Private Loan

How did you add value to the deal?

Complete New Roof, new MEP systems, new drywalls, new floors, everything new

Lessons learned? Challenges?

Permits and inspections of everything in city of Miami was overwhelming but I learned a lot