Updated about 5 years ago on . Most recent reply
Great Flip in East Sandy
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $305,000
Cash invested: $80,000
Sale price: $440,000
Total remodel with a $55k profit
What made you interested in investing in this type of deal?
Great neighborhood with a mother in law to increase target demographic
How did you find this deal and how did you negotiate it?
Mls. Offered much lower than asking price.
How did you finance this deal?
Cash
Lessons learned? Challenges?
Hire separate contractors for each of the big jobs. Don't trust someone that claims to be a jack of all trades because they'll be a master of none.
