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Updated almost 5 years ago,

User Stats

59
Posts
20
Votes
Jeremy Bourgeois
  • Contractor
  • Putnam, CT
20
Votes |
59
Posts

BRRRR or flip in Northeastern Connecticut

Jeremy Bourgeois
  • Contractor
  • Putnam, CT
Posted

Investment Info:

Single-family residence wholesale investment in Putnam.

Purchase price: $37,750
Cash invested: $100

Contributors:
Marco Epifani

SFR on about 2 acres of land located just a few minutes from downtown Putnam, a rapidly appreciating city in Northeastern CT. Needs about $90,000 worth of work. Under contract for $37,750. With assignment fee, purchase price for the end buyer is $45,000. After repair value for the property is $260,000 conservatively. Gross profit is over $120,000. Message me for further details. I have more pictures, a detailed scope of work, and a list of comps used for the ARV.