Fixed up my primary residence and then sold a year later

[David Murdaugh]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,000
Cash invested: $25,000
Sale price: $185,000

Bought my first house as a foreclosure. It was in need of new flooring, carpet, painting and a few other miscellaneous things.

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

I was looking to find something that was close to the city, but also a good bargin

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

I found this deal on zillow

How did you finance this deal?

I financed this through a conventional loan

How did you add value to the deal?

new flooring, paint, new countertops, and kitchen appliances

What was the outcome?

Sold it for a profit of about 60K after realtor fees and expenses

Lessons learned? Challenges?

Make sure you have a good contractor and a good agent.

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

Yes, I worked with Megan Barnes of 5 Point Realty for the purchase and sell of the property.