Flipper/Rehabber · North Las Vegas, NV · Member since 2016 · 19 posts · 9 votes
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $140,000 Cash invested: $23,000 Sale price: $239,000
Fix and Flip Property in Las Vegas.
How did you find this deal and how did you negotiate it?
I found this deal through a real estate agent, he brought me the deal on social media.
How did you finance this deal?
I financed this deal through a HELOC, personal savings and a personal loan from a friend
How did you add value to the deal?
Renovated interior and exterior
What was the outcome?
57k profit
Lessons learned? Challenges?
We did the rehab so our rehab cost were down about 40%.
Lessons learned is organize your rehab as much as possible.
Purchase the rehab with the most about of spread as possible.
Thank you, Let me go into a little more detail about the rehab. We painted the interior exterior. Re did the bathrooms, including the vanity, lights, tub, tile, and toilets. We also re did the kitchen all new Cabinates and countertops. We got used appliances that looked almost new. New flooring, we used the laminate plank. New interior doors to the bedrooms and bathrooms. New front door. We kept all the same windows. We also put in some rocks for landscaping in the front yard. You can see the finished rehab on Zillow 1700 Ingraham.