Sub2 Investment mixed with a light flip

[Brady Bell]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $285,000
Cash invested: $4,500
Sale price: $349,000

We bought this property subject to the seller's existing mortgage staying in place. The only initial cash out of pocket was to bring their mortgage current. We did a very light flip (Paint, cleaning, yard maintenance, etc) for less than 10k total invested. We flipped and sold this in 90 days, profiting over 40k.