Rent, Flip and Rent Again

[Hassan Lakhani]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $247,000
Cash invested: $34,000
Sale price: $352,000

Changed Roofing, Added Stone Front, New Deck, Kitchen Upgrade

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

Transition Planning as the Family Situation Changed

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

Realtor - Bank Owned Property, I negotiated based on ARV.

How did you finance this deal?

Broker

How did you add value to the deal?

Adding Options and Upgrades

What was the outcome?

Profit

Lessons learned? Challenges?

Better paperwork with Contractors
Selling to out of State Buyers

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

Yes, I would. I can provide via DM