This was my first Fix and Flip
Investment Info:
Single-family residence fix & flip investment in Hamilton.
Purchase price: $89,000
Cash invested: $35,000
Sale price: $185,000
Purchased this off market for $89,000. We completely remodeled the interior. New kitchen, updated the bathroom, all new carpet, new paint, new lighting, new concrete driveway, new retaining wall, and new landscaping. We then sold it before it hit the market for $185,000. Our profit after all carrying costs and commissions was about $44,000.
What made you interested in investing in this type of deal?
Building Cash Flow
How did you find this deal and how did you negotiate it?
I know the neighbor and he called me to tell me about it.
How did you finance this deal?
Cash
How did you add value to the deal?
We completely remodeled the interior. New kitchen, updated the bathroom, all new carpet, new paint, new lighting, new concrete driveway, new retaining wall, and new landscaping.
What was the outcome?
Great flip that was sold to a fantastic young couple.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a realtor. I did not pay commission on the purchase. I did pay myself a commission on the sale.
