My First Fix & Flip Deal

3 Replies

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $99,000
Cash invested: $30,000
Sale price: $165,000

I found this property for sale on Zillow and made the connections fast to make this deal happen. While I didn't make a fortune on the first deal I had enough courage to keep going and kept rolling the profits into the next deals!

How did you finance this deal?

Hard Money

How did you add value to the deal?

Full interior and exterior renovations.

What was the outcome?

Successful flip made about $10K

Lessons learned? Challenges?

Always have 10% reserve for repairs so you always have extra cash for when things don't go right.

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