Updated almost 5 years ago on . Most recent reply
Primary Residence Flip
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $343,000
Cash invested: $25,000
Sale price: $420,000
Lived in this for 2 years as primary residence to avoid capital gains.
What made you interested in investing in this type of deal?
We needed a bigger home, bought the worst house in the best neighborhood.
How did you find this deal and how did you negotiate it?
I am an agent.
How did you finance this deal?
Traditional Financing.
How did you add value to the deal?
Remodeled the entire home
What was the outcome?
We made a large amount of money in only 2 years
Lessons learned? Challenges?
None it was uneventful
