Buy fix & Sell project. The house was abandoned after a death of a family member. The house was bought for $64000. These days the house is under massive renovation including replacement of: roof, plumbing, kitchen, baths and more…Deal duration is about 8– 9 months.
Time: 8-9 months.
Investment: 125,000 $
Selling Price: 180,000 $
Profit after expenses: 40,700 $
Investor yield after initiation fee: 19.0%
Size: 2058 sqft Year: 1963