Rehab with expandability

[Ryan Myhre]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $79,157
Sale price: $210,000

Contributors:
Sarah Brown

Typical rehab project that was in bad condition. Bought as a 3/1 and added a master bedroom. Also split lot and will build new house on lot in spring.

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

It was a run down property on a large lot that I could split and build on.

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

I was driving for dollars and I saw this property. I than proceeded to knock on neighbors doors until someone could get me in contact the owner.

How did you finance this deal?

Private money lenders

How did you add value to the deal?

Completely restored property, added a master bedroom and split lot to build on.

What was the outcome?

Sold property right away and working on getting approval to build on lot.

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

Sarah Brown - BS Real Estate