KANSAS CITY: OFFERS A DUAL EXIT STRATEGY

[Patrick Grace]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $75,000
Cash invested: $45,000
Sale price: $164,000

WE have done over 1000 fix and flips in the last 20 years

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

I HAVE TWO EXITS, I CAN HOLD AND RENT OR I CAN FLIP IN KANSAS CITY.

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

FOUND IT 10 YEARS AGO FROM MLS, HELD IT FOR 10 YEARS AS A RENTAL JUST SOLD IT.

How did you finance this deal?

CASH

How did you add value to the deal?

COMPLETE REMODEL

What was the outcome?

SOLD FOR 164K. TONS OF CASH FLOW FOR 10 YEARS AND HUGE PROFIT ON THE EXIT.

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

USED ALL MY OWN COMPANIES TO DO EVERYTHING.
UNITED REAL ESTATE FOR THE BUY AND SELL
KC REHAB FOR THE REHAB
KC COMMERCIAL AND RESIDENTIAL MANAGEMENT FOR THE PROPERTY MANAGEMENT
BACK TO UNITED REAL ESTATE FOR THE SALE.