Jonathan House Live-In Flip Success
Investment Info:
Single-family residence fix & flip investment in La Crescent.
Purchase price: $269,000
Cash invested: $53,800
Sale price: $320,000
This was a live in flip. The house was in good shape when we purchased it however we did see how we could improve its value over a few years by adding our touches and then of course considering market the market was good it turned out great for us. We did all new flooring aside from a couple bedrooms. We built a brand new large outdoor living space with outdoor kitchen features. We opened up a wall and added our signature concrete countertops to the kitchen just to name a few things.
What made you interested in investing in this type of deal?
We love the home and the neighborhood
How did you find this deal and how did you negotiate it?
MLS and we offered the best we were willing to pay.
How did you finance this deal?
Traditional Mortgage
How did you add value to the deal?
We did many updates and held it until the market was great
What was the outcome?
We enjoyed a beautiful home and neighborhood to live in for a few years and ended up profiting on the deal in the end.
Lessons learned? Challenges?
We used this home as an opportunity to dial in some of our skills.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself as I am a licensed Real Estate Agent and I did a great job and definitely recommend myself to anyone looking for a great agent:)