Saint Matthews Fix and Flip

[Mya Toohey]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $180,000
Cash invested: $25,000
Sale price: $271,500

Welcome home to this beautifully updated 1.5 story, 4 bedroom, 3 full bathroom, 2400 sq ft. cape cod in the heart of St. Matthews. This home has a sought after large finished basement with master suite and 1 car detached garage. You can cozy up to the working gas ventless fireplace in the living room. The kitchen has stainless steel appliances, lots of cabinets, granite counter tops with granite back splash, modern sink and fixtures. New windows and roof installed 2015. There are beautifully ref

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

Investor went bankrupt and we purchased his inventory.

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

Through our hard money lender.

How did you finance this deal?

HML

How did you add value to the deal?

We turned the unfinished basement into a master suite adding an extra bathroom and bedroom to the home.

What was the outcome?

We flipped it and then lived in it for 4 months. We made a $45,000 profit.

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

I was the selling agent and the stager.