Updated almost 4 years ago on . Most recent reply
Gilbert, Arizona Flip
Investment Info:
Single-family residence fix & flip investment in Gilbert .
Purchase price: $440,000
Cash invested: $65,000
Sale price: $605,000
Waterfront in Gilbert. Sold before we finished putting in the floors!
What made you interested in investing in this type of deal?
Waterfront.
How did you find this deal and how did you negotiate it?
The seller found me on Yelp. Yes, I negotiated it.
How did you finance this deal?
Hard Money
How did you add value to the deal?
Floors, carpet, paint, bathrooms, garage, landscaping.
What was the outcome?
Made 100k.
Lessons learned? Challenges?
Issues with the roof from a poor initial roof inspection that bit us on the resale. Many more lessons, ask me!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, me:)