Updated over 5 years ago on . Most recent reply
Finally we did our first flip on a leap of faith
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $139,000
Cash invested: $10,000
Sale price: $185,000
Finally! My first flip!
How did you finance this deal?
We did an FHA Hack. Lived in the property had a no prepayment penalty fee FHA loan.
How did you add value to the deal?
We upgraded the kitchen and it added value to the house.
What was the outcome?
We made $40K now we (me and my hubby) are looking for another property to invest in.
Lessons learned? Challenges?
This was a leap of faith move, and it worked!