Updated 12 months ago on . Most recent reply
Home flipping track record
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $150,000
Cash invested: $150,000
Sale price: $187,500
Flipped approximately 550 homes over this time period with an average spread of approximately 25%
What made you interested in investing in this type of deal?
I saw the opportunity following the 2008 foreclosure crisis.
How did you find this deal and how did you negotiate it?
Direct buyer at trustee sale auctions in Phoenix, AZ
How did you finance this deal?
Investors and hard money
How did you add value to the deal?
Light renovations
What was the outcome?
Net margins of approximately 25% over the course of all projects