Investment Info:

Condo fix & flip investment.

Purchase price: $148,000
Cash invested: $12,300
Sale price: $235,000

Before, during and after videos available on our youtube channel look for REAL ESTATE INVESTMENTS Playlist: https://www.youtube.com/channel/UCz0kdYJNv1l_8dw42YErEpw?view_as=subscriber

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

this was in the same community as the other unit we flipped. We got this the same day it hit the mls also.

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

submitted offer prior to seeing it the second it hit the market. got it locked up same day then looked at it. Got an inspection done and got a $7k credit for repairs also so lowered the original contract price of $155k to $148k.

How did you finance this deal?

self directed ira funds

How did you add value to the deal?

full remodel

What was the outcome?

sold for a profit

Lessons learned? Challenges?

speed to offer is key. getting inspection and trying to credits in due diligence also saved us thousands.