Fix and Flip in Peachtree City, GA

[Greg George]

Investment Info:

Single-family residence fix & flip investment in Peachtree City.

Purchase price: $265,000
Cash invested: $35,000
Sale price: $365,000

Full gut rehab of 1990's 3/2.5 split level in Peachtree City, GA

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

A good deal in Peachtree City is a rare find. The house is located in a sought-after neighbourhood in one of the best school districts. The home would sell at an ARV that would move quickly in the area.

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

Real estate agent. Seller was motivated by a sudden job transfer and had to sell quickly.

How did you finance this deal?

Cash

How did you add value to the deal?

This was a full rehab project that modernized a 90's-style home providing the new owner with upgrades such as granite counter tops, stainless steel appliances new tile plank flooring, new lighting throughout home, new baths, and so much more.

What was the outcome?

The home sold in one day for cash with multiple offers for $12,000 over asking price.

Lessons learned? Challenges?

The rehab took way too long. We learned to take greater care in how we screen, hire , incentivise and supervise contractors.

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

The Swann Group prospected the property, consulted on rehab, staged and provided professional photography, drone and Matterport 3D Virtual Tour.