Investment Info:
Condo fix & flip investment.
Purchase price: $250,000
Cash invested: $50,000
Sale price: $452,000
Fix & Flip Condo
What made you interested in investing in this type of deal?
The condos in this neighborhood (Westcreek Ranch) rarely become available, and I realized this condo needed just a few upgrades to sell well, such as quartz countertops, carpet, paint and laminate flooring.
How did you find this deal and how did you negotiate it?
I had been keeping an eye on the condos in Westcreek Ranch with a property alert I set up. I appealed to the buyers urgent need to sell with a cash offer.
How did you finance this deal?
Cash
How did you add value to the deal?
Upgrades: quartz countertops, carpet, paint and laminate flooring.
What was the outcome?
$152K gain
