Fix and Flip in Woodstock Ga

[Daniel Andrews]

Investment Info:

Single-family residence fix & flip investment in Woodstock.

Purchase price: $165,000
Cash invested: $30,000
Sale price: $279,000

The house was a 3 bed 2 bath with addition room in the basement that was finished. The house was dated from the early 80's.

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

The flip profit.

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

The house was listed on the MLS and I paid 15k over asking price.

How did you finance this deal?

Cash

How did you add value to the deal?

I upgraded the kitchen and bathrooms, paint the interior and exterior, new floors, new windows, new doors, new appliances, new gutters and landscaping.

What was the outcome?

6 months and 56k in profit before taxes.

Lessons learned? Challenges?

The winter time was not the best time to sell and lost some profit because it was the off season.