SOLD - Fix & Flip Duplex 50k profit

[Logan Hassinger]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in North Richland Hills.

Purchase price: $225,000
Cash invested: $71,000
Sale price: $315,000

Quick rental flip in North Richland Hills, TX

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

Desirable area and school district

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

Direct mail and distressed seller

How did you finance this deal?

Conventional with 25% down

How did you add value to the deal?

Unit rehab with rents pushed to market

What was the outcome?

Sold in October

Lessons learned? Challenges?

Even the best tenant screening can’t guarantee a cooperative tenant

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

Jon Westrom
Westrom Group