Just missed the market...
Investment Info:
Single-family residence fix & flip investment in Lakeland.
Purchase price: $320,000
Cash invested: $425,000
Sale price: $445,000
Just missed the market by 2 months on this one. So is the risk of flipping!
What made you interested in investing in this type of deal?
We live in this area and it seemed like a great opportunity with the margins
How did you find this deal and how did you negotiate it?
Worked through a wholesaler
How did you finance this deal?
cash
How did you add value to the deal?
Full remodel
What was the outcome?
Made some pocket change after fees
Lessons learned? Challenges?
You can't overcome a change in the market but your margins need to still be large enough to not lose your shirt if the market does shift like it did the last several months.
