My first fix and flip a few years back

[Ryan Kawash]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $122,000
Cash invested: $80,000
Sale price: $278,500

Large Colonial-style home that needed much work. This was my first fix-and-flip investment.

What made you interested in investing in this type of deal?

The ARV was way bigger then the cash needed

How did you find this deal and how did you negotiate it?

A friend sent it to me

How did you finance this deal?

Hard money

How did you add value to the deal?

Complete renovation inside and out, adding a full bathroom, and adding a half bathroom

What was the outcome?

Sold for less for what we were hoping but still was a successful (and fun) fix and flip project

Lessons learned? Challenges?

Do not hire your friends as your general contractor. Also, don't hire a general contractor in general, GC the project yourself!