This house would have been demolished in 5 days!

[Councial Glenn]

Investment Info:

Single-family residence fix & flip investment in Greensboro.

Purchase price: $38,000
Cash invested: $56,000
Sale price: $166,000

My latest flip! I bought this one from a wholeseller 5 days before it was slated to be demolished. We did such a good job on this one the city sent us a letter of appreciation.

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

The numbers. It’s in my market but the numbers made this a great deal.

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

Found it on Facebook marketplace.

How did you finance this deal?

Private money

How did you add value to the deal?

Brought it back to life lol

What was the outcome?

A great flip

Lessons learned? Challenges?

Trust your numbers.

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

No