Vacation rental flip.

[Account Closed]

Investment Info:

Other fix & flip investment.

Purchase price: $228,000
Cash invested: $135,000
Sale price: $440,000

•$ 228k purchase price
• Commercial 20% down loan
• $56k spent on renovations
• $440k sale price
• $132k profit

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

Single family home flips are too common, and we wanted to try and find a more niche model.

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

It was a long term Realtor.com listing.

How did you finance this deal?

20% down commercial loan with a 30 year term.

How did you add value to the deal?

Renovations.

What was the outcome?

$132k profit