Updated about 5 years ago on .
My first live in flip in 2011
Investment Info:
Condo fix & flip investment.
Purchase price: $280,000
Cash invested: $10,000
Sale price: $340,000
This was my first real estate purchase and was a DIY live in flip. This project got me excited about real estate investing!
How did you find this deal and how did you negotiate it?
Short Sale on the MLS
How did you finance this deal?
Conventional Loan
How did you add value to the deal?
New flooring and paint through out, took down a wall to open the floorplan, painted kitchen cabinets, granite countertops and stainless appliances, full bathroom remodel x2 with natural stone shower enclosures and natural stone flooring.
What was the outcome?
Sold to a cash buyer on the first day on the market.
Lessons learned? Challenges?
I love home renovations and design. I excel at project based work.