Updated over 3 years ago on .
Chicago South Shore Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $23,000
Cash invested: $96,314
Sale price: $175,000
Full property renovation. Purchased this property from Auction.com. Added bedrooms to the attic and basement.
What made you interested in investing in this type of deal?
Fix and Flip
How did you find this deal and how did you negotiate it?
Auction.com
How did you finance this deal?
Cash and commercial line of credit
How did you add value to the deal?
Added 2 bedrooms in the attic, remodeled the entire property.
What was the outcome?
Profit
Lessons learned? Challenges?
There are other ways to find funding rather than your own cash. Do not over improve a property. Location, location, location.
