DIY Sarasota Florida Condo Fix & Flip

[Liza Rhima]

Investment Info:

Condo fix & flip investment in Sarasota.

Purchase price: $103,000
Cash invested: $103,000
Sale price: $150,000

DIY light renovation.

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

Low price point moves quickly in the local market.

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

Via REO auction.

How did you finance this deal?

Cash.

How did you add value to the deal?

Modern finishes, ready to move-in.

What was the outcome?

Multiple offers.

Lessons learned? Challenges?

Always check with HOA for approved flooring types on multi-level buildings.

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

Self financed and listed.