First Sale of 2021! Solid win to start off the year

[Chad Parkhurst]

Investment Info:

Single-family residence fix & flip investment in Niskayuna.

Purchase price: $96,000
Cash invested: $45,000
Sale price: $194,000

This one took a little longer than expected running into foundation issues and with a pandemic and all, but it turned out to be a great success.

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

Willing to purchase any deal that makes sense and partners with those looking to learn and grow their business

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

This deal was actually found on the MLS with a motivated seller. Buyers were scarce in the beginning of the pandemic.

How did you finance this deal?

All Cash

How did you add value to the deal?

All of the standard cosmetic updates, along with foundation improvements.

What was the outcome?

A solid win

Lessons learned? Challenges?

Its important to stay agile and creative. There is always something new to experience and learn on every project.

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

Yes. We work with the best realtor in the area. Please message me to connect.