This was my second fix & flip property in Scottsdale, and was a full gut remodel. I decided to branch out a little more with the design and incorporated shiplap wall, herringbone concrete floors and truly embraced "modern farmhouse" trend. I removed the pool fencing which made a big impact on the back yard appeal. It sold to young first time home buyers.

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

I was interested in this deal, because this was an established neighborhood with old homes that were in desperate need of an update. It was close to home, and I was familiar with the area.

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

I found this deal on the MLS and actually had my agent put in a low ball offer sight unseen... and they accepted! I then went to see the property and my agent didn't think I would like they layout once we were inside, however I still saw the potential.

How did you finance this deal?

I financed this deal with a traditional mortgage knowing that I had to hold it for at least 4 months before selling.

How did you add value to the deal?

I added value to the deal by completing a full interior and exterior remodel. Not a detail was missed. I removed the arch in the front of the house that really dating it, new exterior paint and a new roof. Inside of the home, I replaced all flooring, baseboards, doors, trim and cabinetry. Added additional can lights and ceiling fans in the majority of the rooms. Raised the entire soffit above the kitchen, adjusted the layout and finished with new hardware, tile backsplash & Quartz countertops.

What was the outcome?

The house sold pretty quickly - approximately 2 weeks on the market. The buyers did request a $5,000 closing credit to put towards new furniture that I agreed to, but probably would not do again.

Lessons learned? Challenges?

My contractor did not tell me that I had to replace the shower rough in valves when replacing shower trim kits. I provided the trim kit, they put it on and retiled the entire shower. The day that I had the photographer scheduled to take photos, they told me the master shower was leaking due to the old rough in valve. They had to cut the drywall to access the old valve and charged me $300! The new valve would have cost me $30. I now ALWAYS replace the rough in valves.