Updated about 5 years ago on . Most recent reply
Fix & Flip Investment
Investment Info:
Single-family residence fix & flip investment in Odessa.
Purchase price: $71,500
Cash invested: $25,000
Distressed 3 Bed 1 Bath acquired for $71,500 that has been converted to a 4 bed 2 bath ($55K in rehab costs) and being marketed for $204K (After Repair Value).
What made you interested in investing in this type of deal?
The accumulation of liquid capital.
How did you find this deal and how did you negotiate it?
Multiple Listing Service. Appraised (As-Is) value of $106K upon purchase.
How did you finance this deal?
Hard Money Loan.
How did you add value to the deal?
Extensive rehab (Gut job).
Most Popular Reply
Nice. I live in Midland. I buy here, Lubbock, Abilene.
Great job and really nice numbers