Updated about 6 years ago on . Most recent reply
A simple fix and flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $95,000
Cash invested: $35,000
Sale price: $151,000
Bought this as a short sale. Should probably have offered a little less and probably would have gotten it. Sold it 51 weeks later for a modest profit.
What made you interested in investing in this type of deal?
It was a desirable neighborhood.
How did you find this deal and how did you negotiate it?
I did direct mail to people facing foreclosure. The seller contacted me.
How did you add value to the deal?
I renovated it pretty extensively.
