Investment Info:
Single-family residence fix & flip investment.
Purchase price: $105,000
Cash invested: $175,000
Sale price: $407,500
Purchased this historical home with a tree through the rear and it was condemned. Gutted it to the crawlspace and rebuilt and converted from a duplex to a SFH
What made you interested in investing in this type of deal?
Challenge and historic nature
How did you find this deal and how did you negotiate it?
Yes it was a FSBO with a yard sign
How did you finance this deal?
Cash to purchase and then financed to renovate
How did you add value to the deal?
MLS
What was the outcome?
Sold for full list within a few days
Lessons learned? Challenges?
Historic homes bring challenges that others don't and dealing with a historical commission makes an HOA seem simple.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am the real estate broker and licensed builder
