3 Bedroom / 2 Bathroom Flip

[Mya Toohey]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $55,000
Cash invested: $42,000
Sale price: $185,000

Welcome to this beautifully renovated 3 bedroom, 2 bathroom home with a finished basement and 2 car attached garage in the heart of Fern Creek. You just won't believe it. This home features a wood burning fireplace on the first floor, first floor master bedroom, new wood flooring, granite counter tops, new kitchen cabinets, new bathroom tile and fixtures, new drywall throughout, new lighting, ceiling fans, new windows, neutral paint throughout and a built in island range with hood and upgraded s

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

House needed work and was in a great area.

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

Our family member lived near the property and they brought the deal to us knowing that we flipped houses.

How did you finance this deal?

Cash/Hard Money

How did you add value to the deal?

I helped with the acquisition, flip, staging and sale of the property.

What was the outcome?

Great profit property!

Lessons learned? Challenges?

Don't work too close to family! LOL!

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

I helped manage the flip renovations, staged and sold the property.