Most recent flip in Surprise, AZ
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $305,000
Cash invested: $13,000
Sale price: $379,900
305k purchase price
4k closing cost
4k holding cost
13k remodel
13k closing cost on sale
380-339k = 41k profit
What made you interested in investing in this type of deal?
This is what we do...
How did you find this deal and how did you negotiate it?
Wholesaler
How did you finance this deal?
10% down, HML
How did you add value to the deal?
Spruced it up, new carpet, new interior paint, new countertops, painted cabinets
What was the outcome?
Made some money
Lessons learned? Challenges?
0
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I'm the agent on the sell... used are normal wholesaler, contractor, and HML
