House Rehab Flipping 75% ARV flip

[Will F.]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $460,000
Cash invested: $150

Contributors:
Amaury Zambrano

This is a fix in flip purchased under 75% ARV and looking to resell in late February or early March depending on changes in the scope of work.
ARV is approximately $610,000
Private Loan is $400k the rest is my own cash invested.
So my initial personal cash was apx $60k I will put in $45k construction $10k holding costs, $15k closing costs. Approximation.
approximately 50% return on investment depending on how long I hold this.

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

Improving properties through major renovations.

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

Network

How did you finance this deal?

Network and friends.

How did you add value to the deal?

Major improvements to layout, bath, exterior, kitchen gut, floors, wood work, roof, repipe, new electric

Lessons learned? Challenges?

Making bold moves and pushing self past prior 'limitting beliefs'

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

Yes