Fix and Flip upstate NY

[Tamas Pal]

Investment Info:

Single-family residence fix & flip investment in Saugerties.

Purchase price: $41,500
Cash invested: $165,000
Sale price: $299,000

Gut renovation on a 3/2 single family.

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

occupational hazard

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

The property was bank-owned , found through the MLS listing. Offered slightly above the asking price.

How did you finance this deal?

Cash

How did you add value to the deal?

Gut renovation

What was the outcome?

technically a brand new house

Lessons learned? Challenges?

Spend time doing your homework

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

Riva Nelson was very helpful during the process.