Deal Complete | Nicholtown

[Mario Brown]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $72,500

Cash invested: $120,000

Sale price: $297,000

Single family, fix/ flip & refinance

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

Neighborhood, location continues to improve with City bike trail extending close by. ( Swamp Rabbit Trail)

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

Retiring investor liquidating portfolio, an agent brought the deal.

How did you finance this deal?

Local credit union

How did you add value to the deal?

Gutted it.

What was the outcome?

Refinanced 70k cash out of property.

Lessons learned? Challenges?

Biggest challenge was timing and the difficulty my GC had finding fairly priced subs. Job delivered 3 months late.