Delaware Fix & Flip
Investment Info:
Single-family residence fix & flip investment in Dover.
Purchase price: $75,000
Cash invested: $50,000
This is a typical flix and flip. We are under contract for $155,000 and expecting to close December 6, 2019. Estimated profit 30K after all expenses.
What made you interested in investing in this type of deal?
Although I live in Atlanta, Ga I found a great team in Delaware. I work with one of the best realtors and contractors I have ever met up there. When my realtor sends me properties they are usually a good deal and we can get in and out pretty quickly.
How did you finance this deal?
I partner with my mother on most of our projects. We have been using cash to finance properties but plan to start using hard money soon.
