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Updated over 3 years ago on .

User Stats

16
Posts
9
Votes
Jon Hyatt
  • Real Estate Broker
  • Bangor, ME
9
Votes |
16
Posts

Single-Family Flip Project

Jon Hyatt
  • Real Estate Broker
  • Bangor, ME
Posted

Investment Info:

Single-family residence fix & flip investment in Hampden.

Purchase price: $55,000
Cash invested: $90,000
Sale price: $140,000

This is a Single Family property that would work well as a FLIP or a BRRRR. We opted for FLIP for this one because our market has been very active.

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

This was a property that would work as a rental or as a flip, giving multiple exit strategies.

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

This was an Active Listing on MLS, I submitted a site-unseen offer and got it UC right away.

How did you finance this deal?

Private Money Loan.

How did you add value to the deal?

We replaced the windows, floors, new paint, new bathroom and several other updates throughout.