Broadway Flip in South Portland Maine

[John Jake Jaques]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in South Portland.

Purchase price: $399,000
Cash invested: $25,000

3,500sf 2 unit located on the Willard Beach side of SoPo

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

Structurally sound building with good bones, a neglected property with a long time owner.

How did you finance this deal?

Investors

How did you add value to the deal?

Smart renovations

What was the outcome?

Good cash-generating rental, planning to sell after 1 year to minimize capital gains tax.

Lessons learned? Challenges?

Too many to list.