Updated almost 2 years ago on .
Posting a few Flip deals from this past year
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $192,000
Cash invested: $224,000
Sale price: $254,000
Fix and Flip. 10% ROI in 3 months. 40% ROI annualized.
Only bought this one to help someone out. Wasn't looking for massive returns.
What made you interested in investing in this type of deal?
Wanted to help someone gain experience.
How did you find this deal and how did you negotiate it?
MLS and with experience
How did you finance this deal?
cash
How did you add value to the deal?
quality contractor work
What was the outcome?
10% ROI in 3 months. OR, 40% annualized
Lessons learned? Challenges?
converting the bathroom was a fun project, and worked out better and more cost effective than hoped!
Poor timing on listing, held up do to contractor workload
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Robert Richmond, of course!
Cliff Masink for the great contractor work!