Memphis TN FIX AND FLIP DEAL BREAK DOWN
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $52,000
Cash invested: $17,000
Sale price: $117,085
This property is located in a great rental pocket near the University of Memphis TN we purchase this house for $52,000 needed a full cosmetic remodel and land scaping job we did a 50/50 joint venture deal with an investor who brought in 100% of the financing and we was able to fix and flip this property and get it back on market in a 90 day turn around for a $27,000 Net profit great we are in need of more personal private money and hard money resources who would lend on a first or second position mortgage as well we are creative investors using creative financing structures to take down more real estate during this market adjustment we are very strategist investors and are direct to seller on every deal we have deal flow and need more funds lets connect & Dominate
What made you interested in investing in this type of deal?
This deal came from a referral FSBO sign in front of the yard and just from running the comps and condition the property was a deal we just now are in search of private and hard money to keep our deals in house
How did you find this deal and how did you negotiate it?
fsbo referral just called the owner up made the offer a week later we were under contract
How did you finance this deal?
joint venture fix & flip
How did you add value to the deal?
underwrote the deal and got it under contract
What was the outcome?
$27,000 dollar net profit
Lessons learned? Challenges?
consistency and never stop outsourcing financing because we are getting cluttered with deals that we are having to wholesale
