Six Bedroom one family Property in NJ

[Damion Smith]

Investment Info:

Single-family residence fix & flip investment in Budd Lake.

Purchase price: $250,000
Cash invested: $60,000

Extra Large single family home in Budd Lake New Jersey.

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

From the numbers, it was a good deal and it was a beautiful house.

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

Purchased it from a wholesaler

How did you finance this deal?

Hard Money and Cash

How did you add value to the deal?

Updated the entire house. Paint, new floors, new kitchen, new bath and new hvac.

What was the outcome?

Property is listed for sale.

Lessons learned? Challenges?

The biggest challenge was getting a new septic install. It was my first time purchasing a home with a septic system and I learned that I should have done a septic inspection before purchasing.