Fix and Flip Investment
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $284,000
Cash invested: $60,000
Sale price: $385,000
Bought a single family house that another flipper gave up on. He had problems with permits that became our problem. Took a few months longer than usual because of this but the end result was a win for everyone involved!
How did you finance this deal?
Hard Money
How did you add value to the deal?
When we flip we do everything, new kitchen, bathrooms, flooring, paint. Everything down to changing out the outlets and switches. It's like buying a new house!
What was the outcome?
A win for us and a win for the homeowner!
Lessons learned? Challenges?
Sub more of it out to save carrying expenses
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Curry Electric is the best!