Fix and Flip In Independence

[Edwin Serrano]

Investment Info:

Single-family residence fix & flip investment in Independence.

Purchase price: $80,000
Cash invested: $55,000
Sale price: $165,000

Purchased 3 bedroom home with unfinished basement from a motivated seller. Installed new wood floors and carpet; painted all walls, ceilings, and trim (not kitchen cabinets); finished basement to add rec room, full bathroom to include tiled shower; and bedroom. Added approx. 700sf of living space. No exterior work was necessary as it had vinyl siding and new ones already.