Updated over 6 years ago on . Most recent reply
Our Investor Made $675 a month for 4 Months!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $70,000
Cash invested: $20,000
Sale price: $230,000
This was a slam dunk deal! We added flooring, paint and some light fixtures to profit $100,000. Deals like these seem to be too good to be true, check the listing to see the numbers for yourself! Our investor made a nice chunk of change too. The property took 4 months to rehab and sell, making them $675 a month for 4 months on a $90,000 investment.
What made you interested in investing in this type of deal?
Low starting price and high interest area,
How did you find this deal and how did you negotiate it?
Milwaukee Auction
How did you finance this deal?
Private Money Investor
How did you add value to the deal?
Updated the condo and made it very attractive to the new home owner.
What was the outcome?
Sold condo in 4 months, made $100k!
Lessons learned? Challenges?
Why it is important to offer quality fixtures to help attract the buyer to match the purchase price.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Nicole Bruckner at Point Realty
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#5 Investor Mindset Contributor
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- Greenville, SC
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#5 Investor Mindset Contributor
- Investor
- Greenville, SC
Congrats. The condo looks nice.
You may want to reconsider your investor compensation. You made $100,000 and your investor (who took all the risk and put up all the money) only made $2,700.