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Updated over 6 years ago on . Most recent reply
First flip property
Investment Info:
Single-family residence fix & flip investment in Wilmington.
Purchase price: $140,000
Cash invested: $140,000
Sale price: $220,000
1st flip property
What made you interested in investing in this type of deal?
Partnership and property location
How did you find this deal and how did you negotiate it?
County sheriff sale
How did you finance this deal?
cash
How did you add value to the deal?
New bathroom, new kitchen, new floor, fresh paint
What was the outcome?
Profit around$20000
Lessons learned? Challenges?
Need lots of research work prior to attended the auction
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am Real Estate agent