Up- scale for the Scale-Up

[Calvin Watkins]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $156,000
Cash invested: $25,000

Currently a Live in Flip so no Cashflow at the moment but should yield about $500 after renovations are complete.

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

MLS

How did you finance this deal?

Bank Financed

How did you add value to the deal?

Renovating 2 bathrooms
Renovating a Living Room
Renovating a Kitchen

Lessons learned? Challenges?

Seller had creative financing to start from multiple state agencies so closing took closer to 2.5 months.