Just an upstate NY deal hunter....

[Geraldo Colon]

Investment Info:

Single-family residence fix & flip investment in Liverpool.

Purchase price: $35,000
Cash invested: $50,000
Sale price: $135,000

Bad foundation. Huge profits. Hired best structural engineering firm in the city and they issued letter of satisfactory. Multiple home inspectors killed the deal. Sold and made profit.

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

Sensed motivation

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

creative marketing and then used people skills to make the deal...that easy

How did you finance this deal?

My own money

How did you add value to the deal?

Through renovations

What was the outcome?

It was a money maker

Lessons learned? Challenges?

second guess foundation issues

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

buyer's agent