Updated over 2 years ago on . Most recent reply
Posting a few Flip deals from this past year
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $162,000
Cash invested: $197,000
Sale price: $255,000
Fix and Flip. 24% ROI in just 2.5 months! OR, 115% ROI annualized.
What made you interested in investing in this type of deal?
Very quick fix
How did you find this deal and how did you negotiate it?
MLS and with Experience
How did you finance this deal?
Cash - Multiple Investors
How did you add value to the deal?
Quality Contractor work
What was the outcome?
24% ROI in just 2.5 months! OR, 115% ROI annualized.
Lessons learned? Challenges?
Ask local lenders for unique Portfolio programs that offer great benefits to home buyers depending on the area. Found a lender offering a homebuyer 0 down, with amazing rate, NO PMI, AND closing costs assistance! Because of the home's location. Making it very attractive on the resale with the appropriate marketing.
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 Contractor work!