Crawl space nightmare

[Nick Beveridge]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $87,000
Cash invested: $7,400
Sale price: $173,000

This was a borderline tear down. We rebuilt a lot of the floor joist throughout the house and were able to add many more decades to the life of the house. Slow rehab but a quick sale!

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

It was a great deal

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

Wholesaler

How did you finance this deal?

Hard money

How did you add value to the deal?

Rebuilt much of the house

What was the outcome?

Nice 20% profit

Lessons learned? Challenges?

Patience

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

I listed it myself. I'm an agent