Updated almost 6 years ago on . Most recent reply
Thrasher Ct, Fort Worth, Flip and fix
Investment Info:
Single-family residence fix & flip investment in Fort Worth.
Purchase price: $90,000
Cash invested: $25,000
Sale price: $178,000
4 bed, 2.5 bath, 2 car garage
What made you interested in investing in this type of deal?
high roi, "fast" money
How did you find this deal and how did you negotiate it?
friend of a friend wanted to sell, no negotiation needed.
How did you finance this deal?
20 percent down, conventional loan
How did you add value to the deal?
rehabbed the whole house, made it appealing to buyers
What was the outcome?
sold for good profit
Lessons learned? Challenges?
hiring out some of the work is worth it even if it takes a little of the profit. Don't take time to do all the work yourself.