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Updated almost 6 years ago,
Short Sale & Fix/Flip
Investment Info:
Single-family residence fix & flip investment in Medfield.
Purchase price: $200,000
Cash invested: $80,000
Sale price: $565,000
Another typical fix & flip. However the acquisition part included a short-sale as well. This was an off-market lead that turned to a short sale. We spent about $80,000 and it took longer than our usual time to complete.