Updated about 5 years ago on .
Flip in North Dallas
Investment Info:
Single-family residence fix & flip investment in Oak Point.
Purchase price: $174,000
Cash invested: $26,000
Sale price: $243,000
A simple fix + flip in North Dallas. I used hard money, so holding costs were expensive, but I netted about $27,000 on the deal.
What made you interested in investing in this type of deal?
I love simple rehabs. It's the best investment. No scary foundation or roof issues and just cosmetic upgrades needed. Also makes the hold time that much shorter, which is necessary when using hard money.
How did you finance this deal?
Hard Money
How did you add value to the deal?
A light cosmetic rehab.
What was the outcome?
Massive margins in a greatly appreciating neighborhood of North Dallas, TX!