SFR Fix & Flip in Richmond, VA
Investment Info:
Single-family residence fix & flip investment in Richmond.
Purchase price: $255,000
Cash invested: $40,000
This property was acquired off-market from a local wholesaler. Owner occupied brick rancher (3/1.5) in excellent condition with original hardwoods, new HVAC, vinyl windows and encapsulated crawl. Renovations were mostly cosmetic and took two months to complete. We plan to list on 8/4 for $339k.