Updated over 1 year ago on . Most recent reply
My 1st Fix & Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $135,000
Sale price: $267,000
My 1st Fix & Flip
What made you interested in investing in this type of deal?
Location/ Equity
How did you find this deal and how did you negotiate it?
Online Lead, Probate court, Seller needed to sell quickly.
How did you finance this deal?
JV Partnership
How did you add value to the deal?
Renovated the full property
What was the outcome?
Sold 1yr later
Lessons learned? Challenges?
One lesson learned: Create a good relationship with contractor and shop around for the best pricing on materials.