848 Piper Road Ashby, MA 01431

[Moises R Cosme]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $134,900
Cash invested: $109,620
Sale price: $425,000

This is the Spot to Begin 2020! Tranquility Abounds! "Modern Farmhouse" Bright Upgraded Kitchen with Energy Star Appliances is wide open to Huge Fireplaced Family Room that has Vaulted Ceilings, Exposed Beams, New Skylights and TONS of Windows! Another Fireplace in the Formal Living Room and Yet another in the Formal Dining Room

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

We found it on the MLS and the numbers looked great.

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

The MLS

How did you finance this deal?

Hard money

How did you add value to the deal?

As a standard principle we add value by giving entry level Buyers in our markets, a better product than they would otherwise find in the market. We typically get a premium to the market, which is disproportionate to the cost we incur with the materials & labor associated with the upgrades.

What was the outcome?

We made a fair return on our money.

Lessons learned? Challenges?

We learned to review all of the final numbers at the time of purchase, our lender made a mistake and we missed it.

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

Judith DiFrancesco, of Coco, Early & Associates.