Investment Property, Fix & Flip

[Theresa Slocum]

Investment Info:

Single-family residence fix & flip investment in El Reno.

Sale price: $89,900

Description and more pictures on REALTOR.COM.
Just type in the address.
1104 W. Wade Street, El Reno, OK. 73036

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

HUD home, HUD website.

How did you add value to the deal?

Modernized and updated. We made it move in ready..

Lessons learned? Challenges?

Older properties have unanticipated challenges. Figure this aspect into the deal. Have plenty of cushion for unexpected issues that arise.

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

Phill is currently a REALTOR.
Theresa is a lic. Assoc.
We are giving our license up in August 2019.
We are finding that it ties our hands by a lot of regulations by real estate industry.