Another Live in Flip

[Nathan Shepard]

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $145,000
Cash invested: $5,000

House was in pretty good shape, during a live in flip period I ripped out the flooring and replaced carpet with LVP. Repainted and did general cosmetic updates. Just about ready to rent and move into the next deal! Pictures coming

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

Live in flips are my bread and butter.

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

Person was moving in with a significant other. They wanted to rent it to a friend, but when that fell through they decided to sell.

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

Replaced flooring and added some "tenant proof" upgrades.

What was the outcome?

Another rental added to the portfolio!

Lessons learned? Challenges?

I'm getting more and more comfortable pulling the trigger on new investment opportunities

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

Absolutely! I have a great roster of quality people I would be more than happy to refer.