Flix and flips in weird places
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $100,000
Cash invested: $10,000
Sale price: $177,000
We bought this one and it was such a headache because the seller has liens from who knows where but we handled it. It was in great condition for a wholetale and that's exactly what we did. We privately financed it then we cleaned it, moved al the furniture out and made it look as good as it can. Sometimes you do not need to completely flip, just some updates. The really worrying part about all this was that the seller kept changing her story on why she needed the money.
What made you interested in investing in this type of deal?
The condition of the home
How did you find this deal and how did you negotiate it?
Mailers
How did you finance this deal?
private money
How did you add value to the deal?
updates
What was the outcome?
$35K PROFIT
Lessons learned? Challenges?
Don't forget about the leads outside of the main city.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself
