Cocoa, Fl. Everything House

[Jared Maltbie]

Investment Info:

Single-family residence fix & flip investment in Cocoa.

Purchase price: $54,731
Cash invested: $45,202
Sale price: $118,500

Contributors:
William Dedelow

Some flips are easy and some are much more intensive. This was one of the tough ones.

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

It was a cheap house with a decent upside potential for the neighborhood.

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

Sourced from a wholesaler.

How did you finance this deal?

Cash

How did you add value to the deal?

Systems updated - -HVAC, plumbing, electrical. Full cosmetics, fixtures, kitchen and bath reno.

What was the outcome?

Labor heavy job with narrow profits.

Lessons learned? Challenges?

Avoid 'everything houses' if the upside isn't obnoxious.