7708 Scott Lane, Machesney Park IL
Investment Info:
Single-family residence fix & flip investment in Machesney Park.
Purchase price: $40,000
Cash invested: $20,000
Sale price: $102,000
Completely remodeled 3 bedroom ranch in the heart of Machesney! New kitchen with freshly updated cabinets, quartz counters, stainless steel appliances, and glass backsplash. New laminate flooring throughout. The spacious addition can be a family room or fourth bedroom. New trim, doors, light fixtures and slider going out to the large deck. Brand new bathroom! Two-car garage. No basement.
What made you interested in investing in this type of deal?
Surprisingly, this area is very hot and properties that are updated sell quickly.
How did you find this deal and how did you negotiate it?
Online auction site.
How did you finance this deal?
Cash
How did you add value to the deal?
Doing upgrades that buyers love. They love certain keys words like quartz, stainless steel, new and updated
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Photography is very important. I use a photographer that takes fantastic photos that showcase the home and get buyers excited to view the property.
