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Updated over 3 years ago on . Most recent reply

Chad Shultz's profile image
Chad Shultz's profile image
Chad Shultz
  • Real Estate Agent
  • from East Central Florida
  • Member since Feb 10, 2021
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User Stats

102
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Chad Shultz's profile image
Chad Shultz's profile image
Chad Shultz
  • Real Estate Agent
  • from East Central Florida
  • Member since Feb 10, 2021
Connect
Chad Shultz
  • Real Estate Agent
  • East Central Florida
86
Votes |
102
Posts
Real Estate Deal Analysis & Advice

Burned out property given a new life

Chad Shultz
  • Real Estate Agent
  • East Central Florida
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $62,900
Cash invested: $57,000
Sale price: $181,500

Bought a "burn out" home that had a rehab started, but the owner ran out of money. Inside was open studs when we bought. We completed the renovation and rebuild with all permits. Property sold for highest price in neighborhood at the time.

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