Single Family Flip in Delanco, NJ!

[Bud Evans]

Investment Info:

Single-family residence fix & flip investment in Delanco.

Purchase price: $100,000
Cash invested: $4,000

Fix and Flip in Delanco, NJ. Found on Facebook. Funded with combo HML and PML to cover all costs. I paid for closing. ARV: 260k Rehab: 80k. Holding Costs: 4k. Add a 4th Bed and a 2nd bathroom. Closing off the garage for greater SQ/FT. Updated Roof, Siding, etc and this thing will sell quickly in this desirable area.

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

Flips give me cash to invest in Passive Income.

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

Found this on Facebook Marketplace, toured and made an offer. Counter, re-offer, deal!

How did you finance this deal?

This deal was financed with HML/PML combo and I funded the closing.

How did you add value to the deal?

Add: 4th bedroom, 2nd full bath. Closed the garage and increased the sq/ft of the home.

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

I used GroundFloor Lending for this deal as my HML.