Live-In Flip - New Jersey

[William McKee]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $197,000

4 Bd / 1.5 Ba
~1500 Sq Ft

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

The market was hot and I was waiting to get into a specific area and couldn't find a house hack. Had a pivot to make some money while I wait and see how that area goes in the next 6-12 months.

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

My agent lived down the block.

How did you finance this deal?

Conventional mortgage
5% down

How did you add value to the deal?

New Bathrooms
New Kitchen
Removing some non-load bearing walls to open space up
New Floors
Fresh Paint
New Recessed Lights, Fixtures, etc.

What was the outcome?

TBD

Lessons learned? Challenges?

TBD