Flip #2 - within a price range in high demand

[Andrea Galitz]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $46,279
Cash invested: $43,870
Sale price: $122,000

My 2nd flip went well with a 60%+ ROI, 20% over my goal.

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

Home was within my price range and saw the potential due to knowing the community and the real estate market. The homes price range was under $125,000 which is always in high demand.

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

I am a Realtor

How did you finance this deal?

Cash and credit cards

How did you add value to the deal?

I did a market analysis

What was the outcome?

20% over except profit goal

Lessons learned? Challenges?

Adding a title system to the basement for waterproofing and dealing with bats!!

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

Myself :)