Fix & Flip in Louisville Ky

[Jason James]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $58,000
Cash invested: $35,000
Sale price: $149,900

This was a house I bought in a package deal. I kept a couple and decided to flip this one. We did a fairly quick rehab on this property making it super nice for the new owner. This place turned out great! Many many new items!

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

The fact that I bought this in a package deal. The profit from this flip almost pays for one of the other properties in this package deal. In short selling this one paid for another!

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

This deal came to me from a relationship with an agent. He contacted me with this package deal because I purchased deals from him before closing the deal quickly and easily. I offered to pay cash and close quick so that his seller can move on quickly. Since I was paying cash AS IS I asked that I get a small discount on the ask price. It worked. We created a win, win, win.

How did you finance this deal?

Cash purchase then did the BRRRR. So in short my cash was not tied up very long at all. Not bad!

How did you add value to the deal?

Full rehab!

What was the outcome?

Listed and sold

Lessons learned? Challenges?

Keep building relationships! The right people can make this business so much easier!
Challenges? None really. This went fairly smooth. Again having the right people around you is key!

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

I did. If you would like their info just send me a message.