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Updated about 6 years ago,

User Stats

190
Posts
117
Votes
Philip Ganz
  • Lender
  • Fort Lauderdale
117
Votes |
190
Posts

152 Cypress Street- Fix and Flip - mLuxury Condos

Philip Ganz
  • Lender
  • Fort Lauderdale
Posted

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $965,000
Cash invested: $899,000

We have a fix and flip. Currently, we are waiting on the permits. Hopefully start construction end of January, I will post photos once we are active.

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

Low Risk High Profit

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

Off market

How did you finance this deal?

Bank

How did you add value to the deal?

15% Net Profit Minimum

What was the outcome?

Pending

Lessons learned? Challenges?

Figure Out the layout faster

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

Yes