Brick Cape Cod Fix & Sell

[Aimee S.]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $115,000
Cash invested: $32,000
Sale price: $162,000

Single Family, brick Cape Cod in very desirable location, moderate rehab 2 months, listed and under contract in 8 hours for full asking price.

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

Distressed seller with terrible tenants

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

Direct marketing

How did you finance this deal?

Seller finance and HELOC

How did you add value to the deal?

Added a new roof and heating system.

What was the outcome?

Listed property after two months of rehab and had offer in 8 hrs full asking price.

Lessons learned? Challenges?

Always check chimney liners!

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

Mike is the contractor organiser and bid tracker.