Farmhouse Flip and Fix

[Ryan Additon]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $151,000
Cash invested: $228,000
Sale price: $518,000

Full remodel. Lifted the 1840's Farmhouse and poured a new foundation, Added a master bathroom and a designer kitchen.

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

Good deal found on the market

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

MLS, made an offer $49K less asking price

How did you finance this deal?

self financed, except $50K from Hard lender

How did you add value to the deal?

Added a brand new basement, added a 600sq ft master bathroom using attic space, added a eat in dinning room where the old stairs went to the attic approx 78sq ft.

What was the outcome?

over 100K profit