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Updated about 6 years ago,
Peniston St New Orleans Cottage
Investment Info:
Single-family residence fix & flip investment in New Orleans.
Sale price: $550,000
Complete renovation of historic New Orleans Cottage. Our team completed everything from design to construction to staging. 1400 sq ft 2 Bed 2 Bath.
What made you interested in investing in this type of deal?
Location
How did you find this deal and how did you negotiate it?
MLS. We negotiated through the agent to purchase. It was in bad shape, so we made an all cash offer.
How did you finance this deal?
Hard Money
How did you add value to the deal?
Complete renovation and new design.
What was the outcome?
Great project. Very proud of the results. Sold quickly.
Lessons learned? Challenges?
We have to get better at focusing on completing the project quicker, and not getting distracted by the next deal.