Updated over 1 year ago on . Most recent reply
First Flip, been on the market for 2 weeks. Fingers crossed.
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $250,000
Cash invested: $65,000
This is my first flip. Came out great but still on the market. Numbers are a little tight so I'm hoping to get an offer soon.
How did you finance this deal?
Hard money
How did you add value to the deal?
Additional bedroom and fix up
Lessons learned? Challenges?
Know your numbers before.
Most Popular Reply
It was easy and helpful to get me going. I used an app called Backflip. Fees were a little high, but doable. Taking out the rehab money wasn't the worst, however you have to budget for a down payment for your contractor which I didn't. Luckily, I was able to move some fund around and make it work.