First fix in flip in Holiday florida
Investment Info:
Single-family residence fix & flip investment in Holiday.
Purchase price: $115,000
Cash invested: $60,000
Sale price: $195,000
REO home 2/2, rehabbed into a 4/2 fix and flip
What made you interested in investing in this type of deal?
potential
How did you find this deal and how did you negotiate it?
formula for MLS
How did you finance this deal?
Hard Money loan
How did you add value to the deal?
Vision on seeing what the home could be, negotiating and managing workers
What was the outcome?
sold the home and learned allot
Lessons learned? Challenges?
do a full inspection before purchase, i did not just did and ARV appraisal, and 4 point found moisture in the roof that we did not find. Working with licensed contractors not handyman
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
no one i would recommend
