Primary Residence Flip

[Kelly Muscarella]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $343,000
Cash invested: $25,000
Sale price: $420,000

Lived in this for 2 years as primary residence to avoid capital gains.

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

We needed a bigger home, bought the worst house in the best neighborhood.

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

I am an agent.

How did you finance this deal?

Traditional Financing.

How did you add value to the deal?

Remodeled the entire home

What was the outcome?

We made a large amount of money in only 2 years

Lessons learned? Challenges?

None it was uneventful