A stepping stone to bigger things.

[Brian Egr]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $79,000
Cash invested: $45,000
Sale price: $195,000

This was the flip that taught me to always answer the phone when someone calls in off advertising. A very nice lady owned the house, unfortunately she was quite the hoarder. It had gotten so bad she had actually bough another house and moved into it, and this house hand been sitting vacant for about 9 months. This project was great for my company, the money that was made off from it has allowed me to increase the marketing budget to generate more leads for future projects.

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

Direct Mail Marketing. Negotiated in person.

How did you finance this deal?

Part bank financing, part cash on hand.

How did you add value to the deal?

The property needed to be cleaned out, and brought out of the 1980's into 2019.