Spence Cemetery Rd Fix and Flip

[Thomas Levi]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $56,000
Cash invested: $20,000

3/2 1488 sq ft. on a 1 acre lot

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

I love the rehab game. I get a rush out of taking something that is awful and making it shine.

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

Realtor emailed me a foreclosure listing

How did you finance this deal?

Private money loan

How did you add value to the deal?

The value here is adding a livable residence back to a wonderful commnuity.

What was the outcome?

Currently listing for sale on MLS

Lessons learned? Challenges?

Don't trust tax records. It was listed as having public water but in reality all it had was a well. Had to spend out big bucks for the water tap and lines.