Fix & Flip in Meridian, Idaho

[Kevin Pfleger]

Investment Info:

Single-family residence fix & flip investment in Meridian.

Purchase price: $237,000

Sale price: $372,000

Older foreclosure on 1.4 acres. We redid the roof, interior paint, all new interior doors, new kitchen, new flooring, new plugs and switches, new AC and furnace

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

I have a client who mentioned to me that they needed to insure a house that they were carrying the note on and had foreclosed on. Home was in bad shape and I offered to purchase it.

How did you finance this deal?

I used a private lender

How did you add value to the deal?

Forced appreciation through fixing up interior and exterio

What was the outcome?

Listed home FSBO but had access onto MLS through a flat-fee listing agent. Sold within 30 days