South Austin "Slow Flip"

[Brooke Roeder]

Investment Info:

Single-family residence fix & flip investment in Austin.

Purchase price: $400,000
Cash invested: $150,000
Sale price: $675,000

This project was what I call one of my "slow flips" where I renovated and lived in the property for 2+ years to secure capital gains exemption. This home again broke neighborhood records at the time. I'll share a few before & afters.

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

I had some short term goals of living in a certain area, so I took a "slow flip" strategy on this one. I purchased low, renovated, enjoyed the home for a few years and then sold, with cap gains exemptions in place.

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

This property was a great opportunity in an area of Austin that had not yet seen appreciation spikes. I correctly forecasted steep appreciation in this area, and found a home that was poorly marketed and outdated to renovate and temporarily hold.

How did you finance this deal?

Conventional lending

How did you add value to the deal?

I located, purchased, designed and acted as GC on the renovation.

What was the outcome?

Broke the neighborhood price/square foot record and avoided any capital gains on the purchase.

Lessons learned? Challenges?

First property that I renovated on septic. That was an adventure.