Home run deal in the heart of The Woodlands!

[Seth Hobbs]

Investment Info:

Single-family residence fix & flip investment in The Woodlands.

Purchase price: $100,000
Cash invested: $50,000
Sale price: $209,000

This flip in the heart of The Woodlands only lasted 2 days on the market before it had multiple offers! With just over a 50,000 dollar profit, we spent $0 of our own money making it an absolute home run of a deal!

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

The zero money out of pocket and the initial cost of the home.

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

Through direct mail marketing.

How did you finance this deal?

Private money - purchase price + rehab

How did you add value to the deal?

We took down a wall and raised a ceiling making a more open concept. We also enclosed the master bath, added a an additional sink and completely redid the shower. It was a full rehab deal.

What was the outcome?

It was a 2 month turn around for a very nice profit

Lessons learned? Challenges?

Always know you will probably go over budget - so have a little more juice in the deal than you think.

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

I am an agent so I listed it saving me the 3%