Farm House on a Great Potential Commercial Property

[Brandon Michael]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $135,000
Sale price: $189,000

Farm house built in 1900 that needs some work. Get commercial property potential site.

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

Potential for fix and flip, as well as commercial potential.

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

Found it on a real estate agent's daily email sheet.

How did you finance this deal?

Cash. Then went to bank to finance.

How did you add value to the deal?

Excavating property and got an address change to better chances of turning commercial.

What was the outcome?

In contract now.

Lessons learned? Challenges?

Do not buy old houses. They require much work to fix up.

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

No.