Updated over 2 years ago on . Most recent reply
Fix & Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $164,900
Cash invested: $117,500
Assisted a woman who needed to sell & get quick cash out her home to move out of state. Turned her need to sell quickly, into a very nice profit.
What made you interested in investing in this type of deal?
I’m a Realtor. Property investing has always been an interest of mine.
How did you find this deal and how did you negotiate it?
Through Facebook. I posted and I are looking for investment properties and they reached out afterwards.
How did you finance this deal?
Cash
How did you add value to the deal?
The property and we needed a light rehab. We turned around pretty quickly.
What was the outcome?
We close on February 16, 2023. Should make about $40,000 worth of profit.
Lessons learned? Challenges?
We would like to find more qualified contractors to assist us in flipping more properties
