Princeton Farmhouse (Addition to home)

[Jessica M.]

Investment Info:

Single-family residence fix & flip investment in Princeton.

Purchase price: $181,094
Cash invested: $170,000
Sale price: $500,000

Contributors:
Alaa Musleh

Renovation in progress...

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

Location - wanted to stretch ourselves and learn how to put additions on home (pop the tops).

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

MLS - Bank owned property

How did you finance this deal?

HML

How did you add value to the deal?

Put an addition on the home, added a master suite, walk in pantry, half bathroom off the kitchen, built two car garage and split the lot of the home.

What was the outcome?

In progress

Lessons learned? Challenges?

Learned how to put addition on the home, permit process (long and daunting), found an architect to work with.