3 bed, 1.5 Bath Flip

[John Bedard]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $150,000
Cash invested: $52,000

3 Bed, 1.5 Bath, 1,379 sf above grade 400 sf finished below grade total 1,779 sf

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

This is my 11th flip project

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

Friend of the family

How did you finance this deal?

Cash

How did you add value to the deal?

New kitchen, remodeled bathrooms and refinished wood floors

What was the outcome?

Going on market June 24th

Lessons learned? Challenges?

Run water in all sinks, tubs etc, galvanized piping can corrode and in some cases need to be replaced. Knob & tube electric systems can be problematic.

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

No