Flood damage IKE flip

[Jerry Fallin]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $55,000
Cash invested: $45,000
Sale price: $170,000

Flood damage from Hurricane IKE

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

Near home

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

RE Agent

How did you finance this deal?

Cash

How did you add value to the deal?

Hurricane Repairs

What was the outcome?

Excellent

Lessons learned? Challenges?

No challenges

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

nope