Fix and Flip - turned LTR

[Rj D.]

Investment Info:

Single-family residence other investment.

Purchase price: $300,000
Cash invested: $33,000
Sale price: $660,000

This was originally a fix and flip but turned into a LTR when the market flipped.

We put a renter in for 2 years and cashflowed about $500+ / mo.

After approx 1-1/2 years we approached the renters to purchase.

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

Good flip opportunity

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

MLS - sat for a long time

How did you finance this deal?

Hard money

How did you add value to the deal?

Rehab

What was the outcome?

$200k+ profit

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

EJC Partners