House Flood Flip

[Chad Nabors]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $65,000
Cash invested: $95,000
Sale price: $242,000

When we found this home the basement was 6 foot under water due to a well bladder failure.

How did you find this deal and how did you negotiate it?

a contractor I was working with.

How did you finance this deal?

Private money

Lessons learned? Challenges?

Be very careful who you choose to work with. Try not to over renovate.