Gilbert SFR 2 story family home

[Chérie Przybyl]

Investment Info:

Single-family residence other investment in Gilbert.

Purchase price: $254,000
Cash invested: $3,000
Sale price: $315,000

A friend needed to sell her house in Gilbert. Putting in a small investment with a deep clean, new carpet, paint, light staging, and minor home fixes we were able to sell the home over asking price.

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

My friend needed help fixing her home to sell it fast.

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

Personal friend.

How did you finance this deal?

I fronted the cash to fix up the carpet. My partner fixed drywall and a few other things. My friend put in work to fix the paint, clean, and stage the home.

How did you add value to the deal?

We all worked really hard to get the home fixed in a week and ready to list.

What was the outcome?

The home sold $15,000 over asking price.

Lessons learned? Challenges?

You do not have to rehab a whole house for it to sell at top dollar.

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

I am a real estate agent. I helped my friend do a light remodel to sell her home for top dollar.