Investor Made $10K In 6 Months On This Property!

[Ryan Janssen]

Investment Info:

Single-family residence fix & flip investment in Hartland.

Purchase price: $261,000
Cash invested: $100,000
Sale price: $440,000

Our very lucky investor on this property made $1700 a month for 6 months for a total of $10,400! We made this property into a dream home with so many updates and our business was able to make a profit by selling an acre of land for $85k. We made great money on the flip and made a good chunk of change by subdividing the land.

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

I knew this property would be all aces when it was finished. It also had land that we could subdivide and earned a profit on that too.

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

We purchased the property at the Waukesha Country Sheriffs sale.

How did you finance this deal?

The company put 10% down at the sheriffs sale and we found an investor for the other 90%.

How did you add value to the deal?

We turned an old farmhouse into an amazing home for one lucky family!

What was the outcome?

This was a great example of how rehabbing creates value in the community, to the new home owner and the investor on this deal. Everyone wins and gets a little piece of the pie, even the community that we helped gain a beautiful new home.

Lessons learned? Challenges?

We had to spend a great deal of money to turn this deal around and make the home look like new. Maybe next time we will try to not go so high end on some of the appliances.

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

Nicole Bruckner at Premier Point Realty