Single-family residence fix & flip investment.
Purchase price: $196,400
Cash invested: $55,000
Sale price: $368,500
Fix and Flip and a very desirable neighborhood. Probably one of my favorite flips so far.
What made you interested in investing in this type of deal?
We love taking a sad and neglected property and turning into something amazing.
How did you find this deal and how did you negotiate it?
believe it or not, MLS.
How did you finance this deal?
How did you add value to the deal?
Zillow and Realtor.com. Sold a property prior to that in this area and used our previous experience.
What was the outcome?
Amazing! Hard work pays off. I had just got my license and listed the property. Received a full price offer in less than 7 days.
Lessons learned? Challenges?
Always plan for the unexpected.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Our Hard Money Lender is amazing. Cheryll Ramirez at Longhorn is knowledgeable and experienced.
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