Helped client find a value-add bump-up flip

[Kanwar Sodhi]

Investment Info:

Single-family residence wholesale investment in Silver Spring.

Purchase price: $290,000
Cash invested: $120,000

Helped a client find this flip; it's more of a bump out
We got it for $290,000 including all fees, will add $120,000 of value by renovating and bumping up from a rambler to a 2 story home. New value based on comps -> Minimum $610,000

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

I invested my time in helping him find this

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

Researched neighborhoods

How did you finance this deal?

Cash

How did you add value to the deal?

Bump up

What was the outcome?

Working on it now