MY 2nd Fix & Flip

[Kyle Banghart]

Investment Info:

Townhouse fix & flip investment. (2015-2016)

Purchase price: $96,000
Cash invested: $68,000
Sale price: $226,000

2 Story Row, 2 bed 1.5 Bath

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

Entry Level, Easy to fund.

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

Bought from a wholesaler and only had to wiggle the price a few K to make it work.

How did you finance this deal?

Hard Money and a JV/Equity Partner

How did you add value to the deal?

I secured, planned and managed the investment.

What was the outcome?

Sold for a profit.

Lessons learned? Challenges?

Contractors don't always know their numbers; will do work out of order to get paid; bail when they run out of money; and steal materials from your projects; how to stain and finish stairs.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Jesse Barnes, Agent.