Washington Street Full Renovation

[Lance A White]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $85,402
Cash invested: $1

This beautiful older home will get updated after the 2nd Street project. Rehab budget is $40,000 and it will sell for $164,000.

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

This was part of a portfolio we purchased.

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

Wholesaler brought the deal to us, and we bought it as a package

How did you finance this deal?

Cash

How did you add value to the deal?

It is getting a complete renovation from top to bottom.

What was the outcome?

In progress

Lessons learned? Challenges?

Use our own contracts to keep the contractor on schedule and budget.

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

Not to that stage yet.