Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

7
Posts
0
Votes
Henry L. Hill
  • Real Estate Broker
  • Florida
0
Votes |
7
Posts

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

Henry L. Hill
  • Real Estate Broker
  • Florida
Posted

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, we evicted current tenants (who were not on a lease with previous owner). Coordinated 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 within 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.

Loading replies...