Quick Fix and Flip in NC

[Jim Kittridge]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $77,000
Cash invested: $45,000
Sale price: $210,000

A fix and flip we completed in ~3 months. We received multiple all-cash offers within 8 hours of listing it. We sold for 20% more than the highest comp in the neighborhood.

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

These are our bread and butter deals. Quick cosmetic renovation and a new HVAC and sell.

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

Seller called us as we bought a neighbors house 3 months before this.

How did you finance this deal?

Private Lending at 10% interest only

How did you add value to the deal?

Fixing the landscaping and modernizing the home.

What was the outcome?

Solid profit on a quick flip. A large hedge fund bought it to add it to the rental portfolio.

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

Whitney Kittridge was the agent and got us a ton of offers competing against one another.