Updated almost 7 years ago on .
4) contract assumption & flip
Investment Info:
Single-family residence fix & flip investment in Colorado Springs.
Purchase price: $160,000
Cash invested: $5,000
Sale price: $190,000
contract assumption - quick flip
What made you interested in investing in this type of deal?
quick flip opportunity. Assumed contract from another investor and sold after minimal advertising
How did you find this deal and how did you negotiate it?
Local RE investor group
How did you finance this deal?
5k cash assumption
How did you add value to the deal?
practically nothing