Albuquerque small family homes are affordable

[Mel Salinas]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $81,000
Cash invested: $21,000
Sale price: $134,000

Cosmetic plus fixing exterior wall that was crashed into. Sales desc: Clean remodeled Longford home located in quiet modest neighborhood with a bright oversized eat-in kitchen - all new Stainless Steel appliances! Features fresh paint inside, and new coat of exterior Stucco and Brick paint. New Sandy Beach Oak Laminate flooring complimenting the trendy Bermudan blue toned cabinets. All new bath and kitchen plumbing fixtures. New water heater! New air conditioner and new roof being installed end of month! Upgraded light and ceiling fan fixtures with all new electrical outlets and switches- BONUS wall lighting added to bedrooms. Five new windows will be installed. New garage opener with two remotes. New Birch butcher block counters and laminate in Typhoon Ice. Fresh landscape gravel added in front - Close to schools, shopping, restaurants!

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

Small newer home

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

MLS

How did you finance this deal?

Investment partner and HELOC