640 Cypress point Dr flip

[Dane Brasslett]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $147,500
Cash invested: $10,000
Sale price: $252,000

I purchased this property off of a wholesaler, overall the property was in great shape. The rehab consisted of interior paint, carpet in bedrooms, new dishwasher and microwave, and a one vanity. A local realtor was showing a property next door and called our for sale by owner sign to see if she could show her client the property, we ended up going under contract 10 days into owning the property and closed in about 3 months due to the FHA 90 flip rule.

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

A wholesaler brought me this deal, property needed little to no work with high comps in the area

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

Wholesaler

How did you add value to the deal?

New carpet, interior paint, few cosmetic touch ups

What was the outcome?

Property was bought, rehabbed, and sold in under 4 months