Investment Info:

Single-family residence fix & flip investment in Abbeville.

Purchase price: $133,000
Cash invested: $25,000
Sale price: $220,000

Live in flip

$50,000+ profit tax free

Changed my life and sparked next project

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

I lived in the home and have been working construction since 2005

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

Bought my in-laws home with no realtors

How did you finance this deal?

VA and credit cards

How did you add value to the deal?

Full remodel

What was the outcome?

$50,000+ profit on a cash out refi

Lessons learned? Challenges?

Extensive construction experience makes this easy

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Joel C Ridings
Sr. Mortgage Banker | NMLS #1476316
https://www.atlanticbay.com/joelridings/