Another Flip: right floor plan will help you get top dollar

[Joy Hagerty]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $63,000
Cash invested: $32,000
Sale price: $138,000

converted the garage into additional living space. added a new half bath. basically a new house with new roof, new kitchen and bath, new windows. and we did a cute landscape..

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

good neighborhood

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

kind of fell on my lap- no one else wanted it

How did you finance this deal?

LOC

How did you add value to the deal?

add a half bath in the hall way, converted the garage into additional living space

What was the outcome?

sold

Lessons learned? Challenges?

working with a different city inspector from the last flip, different cities have different rules. this one is not very friendly at all. that delayed my process

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

my agent is the broker i work for now. I do have a few lenders that I like to work with