Unhealthy Townhouse Flip

[Naomi Jean-Baptiste]

Investment Info:

Single-family residence fix & flip investment in Lindenwold.

Purchase price: $40,000
Cash invested: $40,000
Sale price: $95,000

Townhouse with a unhealthy HOA

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

The numbers made sense and I s trying to improve the market

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

I searched online and I found it on an auction site

How did you finance this deal?

I used my own cash

How did you add value to the deal?

I renovated 85/90% of the property

What was the outcome?

I made a lot of mistakes and failed forward. I made money but not what I expected. I did sell it for more than the comps stated

Lessons learned? Challenges?

I learned a lot about buying within an hoa

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

I worked with a real estate agent that I didn’t think did a very good job