All Forum Posts by: Harold Easley

Is photo pre or post reno?

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $109,000
Cash invested: $75,000
Sale price: $255,000

Fix and flip value add. Took a 2/1 and made it a 3/2.

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

The profit potential due to the value add and the lot size. The property sat on 1.7 acres.

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

The deal was obtained through a wholesaler.

How did you finance this deal?

Hard Money

How did you add value to the deal?

Took a 2/1 and made it a 3/2

What was the outcome?

A successful renovation

Lessons learned? Challenges?

Vett the contractors better, have a more detailed scope of work and always get title insurance.

I'm in the Triad of NC and looking for a rent ready rental. I would prefer for a property in the Greensboro NC area, but open to all of the Triad. I'm fine with doing some cosmetic updates. Looking at 200K and under Price Point. Thanks

Rehab/Rental Investor who thrives on constant growth through education and networking. Offers are essential to getting deals. What did you do for your business today?