Recent live in flip
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/