344 Palm St., New Smyrna Beach, FL - Investment Project

[Henry L. Hill]

Investment Info:

Single-family residence fix & flip investment in New Smyrna Beach.

Purchase price: $54,000
Cash invested: $27,000
Sale price: $115,000

On this project, my company evicted the current tenants (who were not on a lease with previous owner). Coordinated and supervised all repairs, including roof, drywall, window replacement, floor leveling, carpet and wood flooring installation, appliance replacement, plumbing repair, central air conversion, paint, yard structure removal, electrical repair, as well as landscaping with Double H Realty Corp. Property Enhancement Group. Then listed for an ARV of 2.12 times the original purchase price all with approximately 8 months!!!

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

I find the challenges of assisting clients in reaching the full potential of their goals involving real estate incredibly gratifying!

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

An investor was referred to Double H Realty Corp.

How did you finance this deal?

Investor Capital.

How did you add value to the deal?

Applied the correct contractors in the correct order to maximize efficiency in assisting my client in achieving his goal ahead of schedule.

What was the outcome?

A profit of $61,000.00 in sale.

Lessons learned? Challenges?

If possible, have the seller handle the exit of any tenants/occupants who may be on property.

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

Yes, Double H Realty Corp.