Updated almost 6 years ago on . Most recent reply
Fix and Flip in Mission Texas
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $67,500
Cash invested: $7,500
Sale price: $107,000
Cute little fix and flip with minimal work needed.
What made you interested in investing in this type of deal?
Great purchase price with multiple exit strategies in a good location.
How did you find this deal and how did you negotiate it?
Wholesaler brought it to us. Took the deal, then found some issues with inspection and renegotiated.
How did you finance this deal?
LOC
How did you add value to the deal?
Cosmetic rehab
What was the outcome?
Sold very quickly because it was such a low sales price.
Lessons learned? Challenges?
Affordable housing will be in high demand so buy right. We always try to have one of the best listings available at the price point we aim to sell at. By doing this, we almost always have multiple offers.
