Updated almost 7 years ago on .
Single Family Fix and Flip 4 BR Florissant, mo
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $90,000
Cash invested: $25,000
Sale price: $149,000
Single Family Florissant, MO
What made you interested in investing in this type of deal?
Purchased from Wholesaler
How did you find this deal and how did you negotiate it?
Wholesale property email, negotiated down 5k
How did you finance this deal?
Local Interest only loan
How did you add value to the deal?
Good, however this area property values are not great
What was the outcome?
We will make some money on this, it is under contract
Lessons learned? Challenges?
Buy a little lower, Contractor Challenges. To many corners cut that cost time and money. To much redo. Quality is important to us.