Updated over 1 year ago on .
Easy subject-to deal
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $120,000
Cash invested: $20,000
Sale price: $209,000
Perfect Subto deal with a 85k Subto and 35k cash to seller at closing. A 20k rehab brought this to a 55k project with a fantastic exit a few weeks later for a cool ~60k profit.
What made you interested in investing in this type of deal?
A low entry fee
How did you find this deal and how did you negotiate it?
Off market, referral
How did you finance this deal?
Private money lender
How did you add value to the deal?
Light rehab
Lessons learned? Challenges?
Follow-up with the seller every day while escrow is open