602 S. Flamingo Dr., Holly Hill, FL - Investment Project

[Henry L. Hill]

Investment Info:

Single-family residence fix & flip investment in Holly Hill.

Purchase price: $65,900
Cash invested: $14,700
Sale price: $110,000

We installed a new roof, repaired plumbing, upgraded kitchen, upgraded electrical panel, removed excess trees and shrubs, upgraded bathroom, polished wood flooring, basic drywall repair and paint. After repair we were able to sell for a profit of $29,400.00!!!

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

Identified this property based on my client's criteria.

How did you finance this deal?

Investor financed.

How did you add value to the deal?

Brokering the purchase, coordinating all repairs and inspections, brokering the sale.

What was the outcome?

Property was held on pause mid-repair for approximately one year due to investor financing issues. They were considering having Double H Realty Corp. rent the property as well. Ultimately the decision was to sell.

Lessons learned? Challenges?

Roofers will attempt to skip steps if you are not willing to climb the ladder. Do It!!!

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

Double H Realty Corp.