Second house on Rim road with a big profit

[Patrick Knapp]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $58,000
Cash invested: $35,000
Sale price: $142,000

This home sold for more than we even thought it would!
We put a new deck, fence, roof, quartz countertops, vanities, flooring, paint and more.

Before 3D
https://my.matterport.com/show/?m=Wz2k1jfn3kg

After 3D
https://my.matterport.com/show/?m=Te1BAm1YkTR

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

It was right next door to a house I was flipping

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

Skip trace, owner made fair offer

How did you finance this deal?

Hard money

How did you add value to the deal?

Being a licensed General contractor I was able to do it at my costs and max profit yet add nice finishes like quartz

What was the outcome?

Sold in 2 months from start to finish

Lessons learned? Challenges?

Even as a GC you can be screwed by subs. Make sure you have good time lines with a little wiggle room

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

Longhorn investments llc