Austin, TX Fix & Flip

[Brooke Roeder]

Investment Info:

Single-family residence fix & flip investment in Austin.

Purchase price: $385,000
Cash invested: $130,000
Sale price: $615,000

Fix & Flip Project in South Austin

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

Full time realtor & fix/flipper

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

Had this property under contract within hours of hitting the MLS, with a clean, strong offer.

How did you finance this deal?

Private investors

How did you add value to the deal?

Top to bottom renovation with high end designer finish out.

What was the outcome?

Broke the price/squre foot record for the neighborhood

Lessons learned? Challenges?

This project was a fun one because the property was in really great shape, as well maintained rent house. Because of this I was able to focus purely on the design, rather than fixing problems, and still ended up with a strong profit margin.

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

I acted as both realtor and design/renovator on this project.