Fell in love with a 1930 Brick Tudor that was a fix a& flip

[Jim Quaschnick Jr]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $273,000
Cash invested: $40,000
Sale price: $400,000

Purchase to flip and moved in.

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

Writing offers for nearly a year on this one house.

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

My Brother and Agent lives next door. Said he had our next flip it was a foreclosure and the tenant that would not let anyone into the home.

How did you finance this deal?

Line of Credit

How did you add value to the deal?

Turned a junker into a dream

What was the outcome?

Beautiful home.

Lessons learned? Challenges?

Don't hire sub contractors that say they are going to help you out.

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

Rob Quaschnick - a wonderful brother and great caring agent.