Quick Details on our recent Winter Haven Flip

[William Dedelow]

Investment Info:

Single-family residence fix & flip investment in Winter Haven.

Purchase price: $86,000
Cash invested: $114,000
Sale price: $156,000

Purchased for $86,000+$1644.32cc, renovation costs $25,420. Sold at $156,000 with $500 seller credit. Net proceeds from sale, $146,649.48. Profit, $33,585, plus 1.5% sales commission.

What made you interested in investing in this type of deal?

Quick turn profit.

How did you find this deal and how did you negotiate it?

Purchased the property through a wholeseller. Was able to negotiate down $6000 from original offer price.

How did you finance this deal?

Crowd funding.

How did you add value to the deal?

Renovation.

What was the outcome?

$33k profit.

Lessons learned? Challenges?

This project went pretty smoothly.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My partner Jared Maltbie, who is a licensed broker. I am also a licensed broker.