full fix and flip with a lot of upgrades

[Christopher Spahr]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $225,000
Cash invested: $80,000
Sale price: $355,000

Full rehab, new kitchen remodel to open it up, New granite counter tops in kitchen and all bathrooms with under mount sinks, new flooring , new laminate wood flooring , new tile in kitchen and bathrooms, and new carpet in bedrooms. Frame less glass shower in bathrooms with new tile and dual shower heads in master bath. Removed non-load Bering walls to open up family room. Full interior and exterior paint. New fixtures, faucets, and light fixtures. New landscaping in front and back yard.

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

The price

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

I found this deal from a wholesaler

How did you finance this deal?

Hard money

How did you add value to the deal?

property was outdated and we made it modern looking

What was the outcome?

We did a great rehab and made 30k

Lessons learned? Challenges?

This rehab was done fairly quickly

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

We used Lending Home as our lender for hard money. They also let me finance the rehab 100%.