Investment Info:
Townhouse fix & flip investment.
Purchase price: $86,000
Cash invested: $10,000
Sale price: $150,000
Airbnb'd the property for a few months, then we sold to a cash buyer
What made you interested in investing in this type of deal?
Saw the neighborhood turning & the opportunity to make a great quick & easy cosmetic flip
How did you find this deal and how did you negotiate it?
We knew the owner. Rented to owned for a few months & then used a private lender
How did you finance this deal?
Private Lender
How did you add value to the deal?
Cosmetic upgrades: laminate floors, repaint, resurfaced counters & bathtub, changed all fixtures & lighting. Vinyl floors in the bathrooms.
What was the outcome?
Sold for 10k CASH over asking
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am the agent :)
