Fix and Flip in a Senior Community

[Joe Homs]

Investment Info:

Condo fix & flip investment.

Purchase price: $240,000
Cash invested: $100,000
Sale price: $399,900

Contributors:
Ryan Mitchell

Beautifully remodeled two bedroom, two bathroom home. End unit with no stairs, no one above or below. Upon entering the home the numerous upgrades will immediately stand out including luxury vinyl flooring, new fireplace and new open floor plan. New shaker style cabinets with soft close doors and drawers, new stainless steel appliances, new quartz countertops, and pendant lights make this kitchen modern and functional.

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

Great spreads

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

Agent

How did you finance this deal?

Cash

How did you add value to the deal?

Complete remodel

What was the outcome?

Great return

Lessons learned? Challenges?

Senior community... Need I say more?

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

Ryan Mitchell