1920s Bungalow Fix/Flip St. Petrersburg, FL

[Nicholas Dellorfano]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $120,000
Cash invested: $65,000

My partner and I went in on this Fix/flip Found on MLS listed for $140k/contracted for $120k. We paid tenants to break lease/move out $2500.00 hard money for purchase / mom for rehab. Had to rehab EVERYTHING but the roof 1920 bungalow. Should be all in for $200k and hope to sell for around $300k

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

profit potential and the process itself

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

MLS. It had tenants under lease for another 7 months and needed EVERYTHING

How did you finance this deal?

Purchase: Hard money
Rehab: mom

How did you add value to the deal?

beautiful remodel

What was the outcome?

about to hit the market. I will let you know soon :)

Lessons learned? Challenges?

contractors lie lol