Equity Share Fix and Flip

[Kelly Muscarella]

Investment Info:

Single-family residence other investment.

Purchase price: $200,000
Sale price: $275,000

We did an equity share on this property. We live in a state with excise tax, so we went in and made a deal with the owner that they remain in possession of property and we do all the rehab. We make an agreement with the seller for the initial purchase price.

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

the profit margin

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

Owner contacted me about listing property, I explained the advantage of rehabbing the home before selling it. We made an agreement for her to hold it while we fixed it.

How did you finance this deal?

There was no financing needed, the owner held it.

How did you add value to the deal?

We completely remodeled home. All new flooring paint, bathroom fixture.

What was the outcome?

The property sold for about 10,000 more than expected with multiple offers.

Lessons learned? Challenges?

This was an uneventful flip