Investment Info:
Single-family residence fix & flip investment in Phoenix.
Purchase price: $380,000
Cash invested: $225,000
Sale price: $649,000
3/2 property with pool and hot tub in back yard.
Complete top to bottom remodel including all new plumbing underground.
Property is now a 4/2 with all new floor,cabinets,paint, interior and exterior and AC along with duct work.
A must see at DJKInvestors.com
What made you interested in investing in this type of deal?
Great location and great bones property in lucrative location
How did you find this deal and how did you negotiate it?
MLS / Trust on the market 130 days
How did you finance this deal?
Cash and hard moneys
How did you add value to the deal?
Complete remodel top to bottom and took a 3/1.75 and made it a 4/2
What was the outcome?
TBD
Lessons learned? Challenges?
Make sure you purchase cabinets from a professional company and installer
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Versara Capital HM lender easy to work with no docs loan, loan based off purchase, down and ARV.
Agent: Kirk Linehan @ eXP always kills it on every deal.
