A simple fix and flip

2 Replies

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $95,000
Cash invested: $35,000
Sale price: $151,000

Bought this as a short sale. Should probably have offered a little less and probably would have gotten it. Sold it 51 weeks later for a modest profit.

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

It was a desirable neighborhood.

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

I did direct mail to people facing foreclosure. The seller contacted me.

How did you add value to the deal?

I renovated it pretty extensively.

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