5621 Howell Park Ave

[Debora Halsall]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $65,000
Cash invested: $40,000

House was "leased" for a period of six month until buyer obtained loan. House is under contract expected to sell on March 22nd at $145K

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

house was within price range

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

found deal to realtor.com. negotiated $10K below asking price

How did you finance this deal?

personal money

How did you add value to the deal?

Made the house open concept. Again, made the Master Bathroom and Full bathroom. house needed whole new kitchen, bathrooms, flooring, and walls.

What was the outcome?

approximately $40K profit

Lessons learned? Challenges?

do not use personal cash.

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

no