fix and flip in southern oregon
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $209,000
Cash invested: $38,000
Sale price: $390,000
This was a home run deal. This was on the mls for 300k i had it under contract for 250k, I seen the neighboring house wasn't selling so I backed out and offered 200k Ill pay all closing and they accepted. pp-209k rehab-60k sold for 390k with a 10k concession, so final sale price of 380k. 380k-269k=111k-holding cost and down payment 40k=71k net
