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Updated almost 6 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Derrick Oliver
  • Flipper/Rehabber
  • Marysville, Wa
2
Votes |
10
Posts

My first BRRRR! Good not great.

Derrick Oliver
  • Flipper/Rehabber
  • Marysville, Wa
Posted

Investment Info:

Single-family residence fix & flip investment in Ogden.

Purchase price: $47,500
Cash invested: $60,000
Sale price: $135,000

Town home that had been sitting for 5 years vacant and tore down to studs after a major flood, purchased with 2 partners. complete rehab from the studs out, new cabinets, subfloors, floors, drywall, base boards, etc. After rehab leased the property out for 1 year then sold.

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

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Complete remodel

Most Popular Reply

User Stats

62
Posts
37
Votes
Braden Downs
  • Oklahoma City, OK
37
Votes |
62
Posts
Braden Downs
  • Oklahoma City, OK
Replied

@Derrick Oliver what makes you say good not great and you said BRRRR but you said you sold?

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