Updated about 9 hours ago on . Most recent reply
first fix and flip!
Investment Info:
Condo fix & flip investment.
Purchase price: $145,000
Cash invested: $25,000
Sale price: $220,000
First fix and flip on a condo, finishes came out nice and felt like a cozy spot after it was done.
How did you find this deal and how did you negotiate it?
Wholesaler portal online, negotiated 10k off price.
How did you finance this deal?
hard money 3 points 11%
How did you add value to the deal?
Forced appreciation through a cosmetic rehab.
Lessons learned? Challenges?
learned to trust the process, sometimes the cheapest option isn't the best.