Titusville, Fl. Easy Breezy Fix and Flip.
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $53,000
Cash invested: $22,000
Sale price: $112,000
Contributors:
William Dedelow
Easy breezy flip. Investors received a 19% payday. Purchased from a wholesaler, rehab completed by our inhouse crews, sold by yours truly. A little trouble on the back end getting the deal closed but nothing is ever 100% easy. A few more days on market then we like but all in all a great project. Principals are happy and investors are happy.
What made you interested in investing in this type of deal?
price was right and the upside was there.
How did you find this deal and how did you negotiate it?
Wholesaler.
How did you finance this deal?
Paid cash.
How did you add value to the deal?
Cosmetic rehab, HVAC update, electrical update.
What was the outcome?
19% investor payout
Lessons learned? Challenges?
Need to find more easy flips.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I'm a real estate broker, partner is also a broker.
