Rehab property in Riverside RI

[Danial Ferreira]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $45,000
Cash invested: $175,000
Sale price: $415,000

This was a property that my wife and I found from driving for dollars. Took almost a year to acquire it but was worth the time and energy. It was our first experience in a property investment that had a huge payoff 2 years later when we sold it and built a new house from the ground up.

How did you finance this deal?

conventional construction loan.

What was the outcome?

200k profit