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Updated almost 6 years ago on . Most recent reply

User Stats

28
Posts
5
Votes
Marques Jackson
  • Flipper/Rehabber
  • VA
5
Votes |
28
Posts

114 Alice St Chesapeake VA 23323

Marques Jackson
  • Flipper/Rehabber
  • VA
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $117,000
Cash invested: $35,000
Sale price: $199,900

Contributors:
Cameron Douglas

first Flip it was so cute

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

price relative to the repair

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

MLS Willia Barnes

How did you finance this deal?

Carelton Chambers Prosperity Home mortgage

How did you add value to the deal?

repaired the doors
fence
floors
lights

What was the outcome?

a sold home

Lessons learned? Challenges?

dealing with contractors
don't pay until you verify the work
survey at closing
get an inspection
tons more

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

William Barnes Realtor
Carleton Chambers Mortgages

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