Illegal duplex turns open concept single

[Chris Mattern]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $7,000
Cash invested: $15,000

Framing stage. The new roof is on in first floor is gutted

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

I am investing on the fringe and the numbers look good. Total investment 40,000 4 months and will sell for 80

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

I found out about the deal through my contractor. They were asking 15 I offered seven they excepted.

How did you finance this deal?

Cash

How did you add value to the deal?

It was a illegally converted to family it was very small and broken up weird. Now it’s an open concept 3/2 single

What was the outcome?

🤞

Lessons learned? Challenges?

Organization and communication

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

Melissa Lagania will be listing it for me hopefully next month