Flip for sale during COVID 19

[Tyler Roger Goble]

Investment Info:

Single-family residence buy & hold investment in Sneads Ferry.

Purchase price: $117,500
Cash invested: $20,000
Sale price: $189,900

Bought a VA Foreclosure in the Sneads Ferry area and doing a live in renovation prior to myself and soon to be wife moving in. Actually closed on this house while on a deployment (Active Duty USMC) and had to go through all the hoops of purchasing the home digitally and via a Power of Attorney. Utilized Vendee Financing and was able to close on the property with no money down. Would have used a VA Loan however I already own one property with a VA Loan and this property did not meet the min price requirement to open another VA loan. More than willing to discuss the challenges of closing on a home long distance or through a power of attorney. Looking to do more deals in the greater Camp Lejeune area, fix and flips or long term rentals. My comfort zone is SFR however I would be interested in small multifamily properties as well!

UPDATE:

Currently on the market as of 11 April 2020! Trying to sell in the midst of COVID-19 has been interesting but my wife and I are hopeful to get our asking price of $189,900, will update when it's sold!

Tyler