Briardale TownHouse in Derwood

[Alan Salgado]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $224,000
Cash invested: $45,000
Sale price: $338,000

Fix and Flip Townhouse in Derwood Maryland

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

It was very close to my home

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

I bought it from Hubzu Auction

How did you finance this deal?

I used LendingONe Hard Money

How did you add value to the deal?

We completely gutted and rehabbed the house

What was the outcome?

Very fast sale. was under contract in 7 days with 7 different offers over asking.

Lessons learned? Challenges?

I learned a lot about Hard Money, HOA, and dealing with subcontractors.

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

My wife Agne Salgado was the realtor.