3/2 Home in Durham,NC

[Adriese Williams]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $180,000
Sale price: $289,000

3/2 on 1/2 acre in Southern Durham 27713

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

Right zip code, little damage

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

driving for dollars, seller financing, seller wanted to move to DC, made no repairs, offered 180K, 75K down 2 year balloon for balance of 105K monthly note 525.00

How did you finance this deal?

Partnered with a college buddy,

How did you add value to the deal?

offered 180K as is, house had tenants

What was the outcome?

Sold to an ibuyer ( opendoor) 289K Walked away with 150K after payoff and repair credit, fees.
We both double our investments in 2 months

Lessons learned? Challenges?

Keep driving for dollars, call all for sale by owner signs

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

none