Linden Street House 1st Flip
Investment Info:
fix & flip investment in Caldwell.
Purchase price: $80,000
Cash invested: $120,000
Sale price: $170,000
Single family ranch style, 3 bedroom 2 bath.
What made you interested in investing in this type of deal?
We were interested in this type of investment due to our contracting background. We felt our skill as value add investors would net the highest ROI.
How did you find this deal and how did you negotiate it?
We found on MLS and negotiated price down due to repairs needed as well as buying house "As Is" using cash.
How did you finance this deal?
We used cash and Heloc on personal residence.
How did you add value to the deal?
Performed full remodel on home doing much of the general contracting ourselves.
What was the outcome?
Sold home successfully netting our targeted profit margin.
Lessons learned? Challenges?
Our greatest challenge was balancing our day jobs with this side hustle.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Will Swygart (Real estate agent)