Well...this one took a while...

[Brandon Borchers]

Investment Info:

Single-family residence fix & flip investment in Hoquiam.

Purchase price: $65,000
Cash invested: $42,000
Sale price: $167,500

Wholesale deal. House was 115 years old and full of character.

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

Was looking for a project and oh baby I found one! I guess I just got bored .

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

Found this deal on the MLS and it was listed for around 10K over what I got it under contract for. the wholesaler in this case was pretty easy to work with.

How did you finance this deal?

Used a hard money loan.

How did you add value to the deal?

Renovated the entire house. New everything. a big add was the conversion of the utility space into a master bath off the downstairs bedroom.

What was the outcome?

Net Profit was $50,500.00