Single-family residence fix & flip investment in Mooresboro.
Purchase price: $70,000
Cash invested: $40,000
Sale price: $150,000
Signal family flip
What made you interested in investing in this type of deal?
I have always loved buying and reselling
How did you find this deal and how did you negotiate it?
MLS paid asking price
How did you finance this deal?
How did you add value to the deal?
Remodeled and finished basement
What was the outcome?
Sold and made around $30k in 4 months
Lessons learned? Challenges?
Trust yourself. Bought when Covid was starting but I felt is was a good deal even if I had to old for a while to sell. The basement added a lot more work then I though it would but was a big selling point
Congratulations! I'm sure you've been bitten by the REI bug for sure!
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