TN Off market fix and flip

[Sheila Smith Oliver]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $130,000
Cash invested: $85,000
Sale price: $249,900

Fix and flip

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

Property was part of mgmt company portfolio. No other competition.

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

Jason Weathers at Auben Realty

How did you finance this deal?

Hard money loan

How did you add value to the deal?

Used extra basement square footage for additional bedroom

What was the outcome?

Multiple offers over asking pending in 2 days

Lessons learned? Challenges?

Granite was a small hold up. Will use in stock going forward.

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

Jason Weathers at Auben Realty