South Kansas City 3/3

[Michael Bachmann]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $50,000
Cash invested: $87,000
Sale price: $231,500

Tax sale acquisition, a mess. Living room and entry to the left side of the porch and also a great room with fireplace and dining area reached via door in kitchen Gutted to studs, rewired, replumbed, new sewer line. Enlarged windows. Walls were moved upstairs for efficient use of space. Moved the entry from side to front facing. Living room converted to a master bed with walk in closet, bathroom with heated floors and walk in shower. Kitchen was lengthened to about 30' and cabinetry and ap

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

I had not yet done a fix and flip and this house was a good candidate.

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

Jackson County tax sale.

How did you finance this deal?

Cash.