SFR extensive renovation

[Jeffery Wilen]

Investment Info:

Single-family residence fix & flip investment in North East.

Purchase price: $85,000

2Br/2Ba 1,700 sqft needs 60,000 in renovation. Was appraised for an ARV of $258,000.

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

Property is near other investments. Will be a good BRRR if we decide not to sell.

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

Property was a foreclosure, dealt with the bank's agent.

How did you finance this deal?

20% down & hard money for balance.

How did you add value to the deal?

Renovating kitchen and master suite for functionality.

What was the outcome?

Still underway.