Fix and flip from start to finish

[ROB GRIFFIN]

Investment Info:

Single-family residence fix & flip investment in Dundalk.

Purchase price: $78,000
Cash invested: $37,500
Sale price: $178,000

This property is a cookie cutter row home in Baltimore County. It started out as a 3 Bed 1 Full bath and ended up a 3 Bed 2 full bath.

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

We do a lot of these deals in the Baltimore are

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

I found this deal through a private seller.

How did you finance this deal?

We used all cash on this deal

How did you add value to the deal?

The property needed a complete renovation. We added value by renovating the property and adding additional features such as a 2nd bathroom and rear deck

What was the outcome?

Outcome was very positive, we took a contract prior to the property being complete and settled shortly after the renovations were done.

Lessons learned? Challenges?

This property pretty much followed our game plan without any big surprises

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

In addition to acting as the contractor we were also the listing agent