Fix and Flip in Sweet Home Alabama

[Jodi Terrell]

Investment Info:

Single-family residence fix & flip investment in Southside.

Purchase price: $53,000
Cash invested: $20,000
Sale price: $115,000

Bought this little gem at the courthouse steps. Around 1200 square feet, 3 beds, 2 baths. Replaced the roof, flooring, paint inside and out, new counter tops, tile backsplash, cleaned up the yard and sold it to a precious single mom who needed a house before Christmas!

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

Easy and fast

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

I've been watching this property for several years (driving around). Finally saw the foreclosure notice and jumped on it.

How did you finance this deal?

Cash

How did you add value to the deal?

Great design and bargain finds!

What was the outcome?

We made about 45k in 45 days!