Two -week flip with decent returns...

[Justin Campbell]

Investment Info:

Single-family residence fix & flip investment in Great Falls.

Purchase price: $120,000
Cash invested: $11,000
Sale price: $171,000

A nice starter home in a decent neighborhood. I negotiated the foundation work into the sales price, so was able to move faster with this flip. Total renovation time was two weeks and covered floor to ceiling updates and landscaping. A great, short-term project. I used the cash from the sale of my last flip along with private money to pay cash for the property. Private Money parter receives 10% interest.

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

The numbers made sense right away. Minimal investment and the market is hot right now.

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

A realtor friend owned this home and wanted to sell. We negotiated him both selling it on the front and back end of the flip.

How did you finance this deal?

Cash/PM

How did you add value to the deal?

Floor to ceiling updates and landscaping.

What was the outcome?

We finished renovations in two weeks and had it under contract three days after that.

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

Jeremy Frank from Dustin Young is a great agent to work with...