Updated over 5 years ago on . Most recent reply
Brainerd Fix and Flip
Investment Info:
Single-family residence fix & flip investment in Chicago.
Purchase price: $55,000
Cash invested: $143,817
Sale price: $212,000
Partner deal, 50/50 split of profit.
What made you interested in investing in this type of deal?
Comps in the area
How did you find this deal and how did you negotiate it?
BP marketplace
How did you finance this deal?
Cash
How did you add value to the deal?
Strong market knowledge comping properties, keen eye for design, capital
What was the outcome?
We sold quickly and made a decent profit!
Lessons learned? Challenges?
I would prefer to use plans in the future for even better layouts. Small things could have been even better with more foresight.