Fix and Flip House in Albany NY

[Gerard Mangione]

Investment Info:

Single-family residence fix & flip investment in Albany.

Purchase price: $75,000
Cash invested: $45,000

9/16/2020-Asking price is $179,900. We are waiting for final approvals from the City of Albany and will list this property on Zillow very soon.

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

First fix and flip house.

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

Family friend brought us this opportunity.

How did you finance this deal?

Home Equity Line of Credit

How did you add value to the deal?

Cleaned, refinished, and upgraded bathroom.

Lessons learned? Challenges?

We over paid for this house so we would not offend the seller who was a family friend.