Rehabbed House in Franklin Park, IL

[Chris Raven]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $175,000
Cash invested: $40,000
Sale price: $261,000

Rehab of a single family house located in Franklin Park, IL

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

There was a good spread and I was able to buy the property for a good price

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

I found it through my personal data base.

How did you finance this deal?

I financed this deal with hard money from Dominion Financial located in Baltimore Maryland

How did you add value to the deal?

I added a full bathroom in the basement and updated most of the house.

What was the outcome?

The house sold

Lessons learned? Challenges?

None that I can think of at the moment