Updated over 5 years ago on . Most recent reply
Tulsa OK Flip House close to the Gathering place
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $95,000
Cash invested: $35,000
Flip house We got and are almost done with. hope to have it sold within 45 days. Plan to sell for $210,000 and clear 60k profit
What made you interested in investing in this type of deal?
The numbers made sense
How did you find this deal and how did you negotiate it?
An agent brought it to me and said the seller wanted to just break even and if I could pay her 2k in commission then I could get it for 95k
How did you finance this deal?
Private money partner
How did you add value to the deal?
Remodel, electric, kitchen, Hvac, floors, paint, siding, landscape
What was the outcome?
We will see soon.
Lessons learned? Challenges?
This is my easiest property I have done and Having hourly workers really helps improve my rehab cost.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes.
