Investment Info:
Single-family residence fix & flip investment in Boise.
Purchase price: $220,000
Cash invested: $25,000
Sale price: $325,000
This deal was sourced through our own marketing at Tree City Homes, so we knew exactly what we were getting in to. We then worked with an outside agent to fund the entire project, with the exchange that the agent got to sell to clients directly.
🏠Purchase Price - $220,000
🛠Cash invested/rehab - $25,000
Over the course of a 2 month hold we did a small cosmetic flip. Paint, floors, appliances, bathroom, and kitchen updates. This house didn’t need much, just some simple upgrades to make it look like the comps around the neighborhood. Then the house was ready to sell!
🏡Sold Price - $325,000
What made you interested in investing in this type of deal?
We sourced the deal through our marketing channels, which filters through quality deals, so we knew this would be a great investment.
How did you find this deal and how did you negotiate it?
We sourced the deal through our marketing channels, which filters through quality deals, so we know it was a good property. We negotiated a fair deal that motivated the seller to pass over the property.
How did you finance this deal?
The Tree City team worked it out to have an outside agent fund the entire deal. In exchange that agent got to sell to his clients directly.
How did you add value to the deal?
This property didn't require much work. We did paint, bathrooms, appliances, and re-finished the original hardwood floors. This property was fairly nice as is, but we like to put our own touch to make it similar to comps around the neighborhood.
