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Updated over 6 years ago,
Rural flip on 2 acres and ended up needing to drill a new well.
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $85,000
Cash invested: $115,000
Sale price: $245,000
Bought out of redemption period. Financed with private investor. Sold prior to completion.
What made you interested in investing in this type of deal?
Good opportunity to have a house that is hard to find in our market
How did you find this deal and how did you negotiate it?
Listed on market during redemption period after foreclosure.
How did you finance this deal?
Private Investro
What was the outcome?
Great House with awesome features that we sold prior to completing it
Lessons learned? Challenges?
Getting involved with wells is high risk
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Me! Albon Shaw, Team WyoCity @ Real Estate Leaders