Updated over 6 years ago on . Most recent reply
Flip & fix property completed
Investment Info:
Mobile home fix & flip investment.
Purchase price: $75,000
Cash invested: $43,200
Sale price: $189,000
This was a full fix & flip. This home was in rough shape when we got it. We added on a master bathroom and added all cosmetic updates throughout. (tile, paint, flooring, light/fan fixtures, new toilets, new exterior paint/siding, granite countertops, stainless steel appliances, backsplash, new cedar columns and shutters)
What made you interested in investing in this type of deal?
The profit
What was the outcome?
We profited $64,832 after closing.
Lessons learned? Challenges?
Always keep a nice amount of money owed to workers dangling in front of them. Speed is the name of the game.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I was the agent and gc on this deal.
