This home will be a Buy, Fix and Flip.

[Alex Boylan]

Investment Info:

Single-family residence fix & flip investment in Stillwater.

Purchase price: $200,000

This will be a complete remodel of a late 1800s home.

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

The seller had started the remodel but ran out of money and patience.

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

They called me knowing I buy properties for cash no matter the condition.

How did you finance this deal?

I used a Commercial loan through a small local bank.

How did you add value to the deal?

Doing a complete remodel of the home.

What was the outcome?

Still in process

[Alex Boylan]

Hello Kyle.  This home is more unique than most of my remodels because the seller started the process and now I need to figure out how I'm going to complete it.  I know what my end value is based on comps in the area but the key will be to make sure I don't over spend and eat up all my profit.  

In this case, I bought it knowing there would be favorable margins and now I'm vetting contractors and costs of the Rehab.