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Updated almost 6 years ago,
First flip on our own.
Investment Info:
Single-family residence fix & flip investment in Vestavia.
Purchase price: $285,000
Cash invested: $45,000
Full upgrade remodel.
Adding full 8ft ceilings in basement an framing 1100sf in basement. Open concept. Every new
Expected completion date 5/15/19
Arv $629,000
How did you find this deal and how did you negotiate it?
Networking with realitor.
They received the listing, she called me before listing it. Seller didn't want to make any repairs.
Or have any inspections.
I negotiated a fair offer an bought before it hit the market.
How did you finance this deal?
Hardmoney
How did you add value to the deal?
Realitor who finds it, gets to relist it.
Offered seller everything he was wanting an made it easy for them.
What was the outcome?
It's being rehabbed currently
Lessons learned? Challenges?
Hard money is really hard to get.