1950's Midcentury Fix and Flip

[Chérie Przybyl]

Investment Info:

Single-family residence fix & flip investment in Phoenix.

Purchase price: $180,000
Cash invested: $75,000
Sale price: $285,000

1950's Midcentury Fix and Flip

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

At the time, the neighborhood and nearby location was being heavily remodeled.

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

The purchased the deal from a local wholesaler and was credited $3,000 at the time of acquisition because the home was vandalized before COE.

How did you finance this deal?

I had a Private Money Lender and Hard Money Lender.

How did you add value to the deal?

My partner and I were at the project daily doing some handyman work ourselves to save money. We also learned a ton about a full rehab during this project.

What was the outcome?

We sold the property all cash and made a profit.

Lessons learned? Challenges?

I learned that rehabs are expensive when you have to fix everything.

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

I am a real estate agent and I listed this home.