Updated over 6 years ago on .
Made over 100k on this Live-In Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $259,000
Cash invested: $17,000
Sale price: $390,000
Live-In Flip.
What made you interested in investing in this type of deal?
We needed a new primary residence. We found this property and saw that if we fixed a couple small issued and updated it, we could stand to profit quite a bit when we sold it.
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
VA Loan.
How did you add value to the deal?
New Roof, paved the driveway, remodeled kitchen and baths, new laminate floors and new carpet.
What was the outcome?
Made a fair amount of tax free money that we rolled into a seven unit apartment building.
Lessons learned? Challenges?
Living in a house with toddlers while fixing it up can be challenging.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Kathy Withrow was our agent, she did an awesome job!