All Forum Posts by: Matthew Kane

Single-family residence fix & flip investment.

Purchase price: $430,000
Cash invested: $46,618
Sale price: $589,000

Fix and Flip in CB
PP 430k
Reno 46K
Sold 589k ~ 3 Month Turn

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

Had the chance to do this flip with a close friend that did not have to capital to take it on themselves. Win win.

Looking for someone to co-host a couple condos we have in Carolina Beach beginning in March. 3 Bedroom Ocean Front + 2 bedroom second row with clean ocean view. 

Investment Info:

Single-family residence buy & hold investment in Charles City.

Purchase price: $210,000
Cash invested: $20,000

Targeted an ugly duck that had been sitting on the market for 4 months. Secured property 40k under market value and assumed sellers 2.75% VA loan to ensure profitability. SFH generates $1100/mo in profit.

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

Long term consistent cash flow.

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

Home was on market. I found out they had a timeline and needed to sell. They disclosed more info than they should have.

How did you finance this deal?

Assumed VA Loan

How did you add value to the deal?

Light Reno - 20k.

What was the outcome?

Cash Flow $1100/mo

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

Matthew Kane Realtor

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $412,500

Guaranteed Cash Offer Sale. Purchased at 412.5k. Listed and sold at 530k, 8 days later.

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

My real estate team offers a guaranteed cash offer as a tool to win listings. Very rarely does a client decide to accept this offer, but this client was so frustrated with the HOA that he would rather take a 70% offer and move on

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

My team advertises a Guaranteed Cash Offer as part of our marketing. It is meant to get us in front of more sellers, but every one in a while sellers do have unique obstacles that make a quick cash offer more appealing.

How did you finance this deal?

Cash.

How did you add value to the deal?

I sourced the deal, brought it to a partner investor, listed the home, and sold it for a 6 digit profit in a single week.