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Updated over 4 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Flipper/Rehabber
  • from Winnipeg, Manitoba
  • Member since Nov 10, 2019
  • Posts 5
  • Votes 0
  • Experience 8 Yrs
  • Investments 1
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Flipper/Rehabber
  • from Winnipeg, Manitoba
  • Member since Nov 10, 2019
  • Posts 5
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  • Experience 8 Yrs
  • Investments 1
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Account Closed
  • Flipper/Rehabber
  • Winnipeg, Manitoba
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Real Estate Deal Analysis & Advice

My First Flip in Winnipeg, Manitoba

Account Closed
  • Flipper/Rehabber
  • Winnipeg, Manitoba
Posted

Investment Info:

Single-family residence fix & flip investment in Winnipeg.

Purchase price: $147,000
Cash invested: $1
Sale price: $235,000

My first flip. I put $0 down on this property. I had an investor fund 20% down and blended the rehab budget with the mortgage (purchase plus).

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Spencer Riche's profile image
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Spencer Riche
  • Investor
  • from Canada
  • Member since Jul 15, 2017
  • Posts 40
  • Votes 32
  • Experience 11 Yrs
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Spencer Riche's profile image
Spencer Riche's profile image
Spencer Riche
  • Investor
  • from Canada
  • Member since Jul 15, 2017
  • Posts 40
  • Votes 32
  • Experience 11 Yrs
  • Investments 1
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Spencer Riche
  • Investor
  • Canada
32
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Spencer Riche
  • Investor
  • Canada
Replied

Great work James! Where in Winnipeg is this one located? And what was the turnaround time? Good luck! 

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