Value Add Fix & Flip on 1.7 acres

[Harold Easley]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $109,000
Cash invested: $75,000
Sale price: $255,000

Fix and flip value add. Took a 2/1 and made it a 3/2.

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

The profit potential due to the value add and the lot size. The property sat on 1.7 acres.

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

The deal was obtained through a wholesaler.

How did you finance this deal?

Hard Money

How did you add value to the deal?

Took a 2/1 and made it a 3/2

What was the outcome?

A successful renovation

Lessons learned? Challenges?

Vett the contractors better, have a more detailed scope of work and always get title insurance.