New Construction in Hasbrouck Heights

[David Michael]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $230,000
Cash invested: $455,000
Sale price: $740,000

This home was purchased from the sheriff sale. After the occupant was removed, construction began on January 2 and commenced till April 15,2019.

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

Foreclosure is my specialty

How did you finance this deal?

My own capital

What was the outcome?

Sold before it hit the market

Lessons learned? Challenges?

Challenges -lining contractors during the winter

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

I listed my own home