Single family fix and flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $255,000
Cash invested: $120,000
Sale price: $460,000
Single family ranch style house in Florida. Built 1960 and need a total renovation. I did roof, electric, plumbing remove a wall, paint and appliances.
How did you find this deal and how did you negotiate it?
Internet research and a local broker
How did you finance this deal?
All cash
What was the outcome?
Made a nice profit
Lessons learned? Challenges?
Watch everything the contractor and workers are doing very closely.