Current fix and flip project

[William Frazier]

Investment Info:

Single-family residence fix & flip investment in Aylett.

Purchase price: $102,000
Cash invested: $42,000

Currently involved in this fix and flip project; estimated completion date Sep 4, 2020.

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

Popular rancher style house with ability to add value going from 2/1 to a 3/2 inside same footprint.

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

MLS Bank owned

How did you finance this deal?

Iron Bridge Lending Hard Money

How did you add value to the deal?

Changing from 2/1 to 3/2; new roof; new hvac; new appliances; etc.

What was the outcome?

Pending

Lessons learned? Challenges?

Time is most valuable; continue to manage time better.