All Forum Posts by: Christopher Spahr

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $240,000
Cash invested: $50,000
Sale price: $330,000

Full rehab. Took out non load bearing walls to open up. We moved a wall to make kitchen bigger. Complete new kitchen including cabinets, quartz counter tops, under mount sinks, appliances, new lighting, laminate wood flooring , tile in bathrooms, carpet in bedrooms, frame less glass shower with new tile, full interior and exterior paint, landscaping.

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

The price and the fact that it was on 4 acres

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

I found this deal through a real estate agent

How did you finance this deal?

Hard money

How did you add value to the deal?

removed walls and moved a wall

What was the outcome?

We did not make a lot as it took a while to sell

Lessons learned? Challenges?

It takes longer to sell a property that is in a rural location

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $225,000
Cash invested: $80,000
Sale price: $355,000

Full rehab, new kitchen remodel to open it up, New granite counter tops in kitchen and all bathrooms with under mount sinks, new flooring , new laminate wood flooring , new tile in kitchen and bathrooms, and new carpet in bedrooms. Frame less glass shower in bathrooms with new tile and dual shower heads in master bath. Removed non-load Bering walls to open up family room. Full interior and exterior paint. New fixtures, faucets, and light fixtures. New landscaping in front and back yard.

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

The price

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

I found this deal from a wholesaler

How did you finance this deal?

Hard money

How did you add value to the deal?

property was outdated and we made it modern looking

What was the outcome?

We did a great rehab and made 30k

Lessons learned? Challenges?

This rehab was done fairly quickly

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

We used Lending Home as our lender for hard money. They also let me finance the rehab 100%.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $200,000
Cash invested: $90,000
Sale price: $340,000

Total rehab on 7 bedroom house including electrical, plumbing, HVAC, drywall, flooring, cabinets, appliances, full interior and exterior paint.

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

the square footage

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

I found it through a wholesaler

How did you finance this deal?

Hard money

How did you add value to the deal?

The pool was huge so we renovated that also

What was the outcome?

We had a full price offer in less than a week from some people that turned it into an air B&B

Lessons learned? Challenges?

This was the first house I flipped and I have since learned to rehab the houses much more quickly