The first domino to fall

[Adam Cincotti]

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $295,251
Cash invested: $90,000

Great 1930s craftsman ready for new life

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

After a storm took our house an investor provided us with a way out and a path forward!

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

Wholesale. Highest bid

How did you finance this deal?

Hard money and personal capital

How did you add value to the deal?

Added a bathroom to create downstairs master suite. Open concept plus cosmetics.

What was the outcome?

Still in the rehab phase

Lessons learned? Challenges?

The first contractor doesn't always make the cut

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

New Western Acquisitions. Wildcat Lending - ask for Gray Cato. J&W Construction - ask for Antonio