Fluff & Flip near the Airport
Investment Info:
Single-family residence fix & flip investment in Saint Louis.
Purchase price: $83,000
Cash invested: $32,000
Sale price: $135,000
Cute little bungalow near the airport. We intended to buy & hold, but got burned by a newer rule in Berkeley that prevents any owner-occupied properties from being turned into rentals. (Call the city before you're locked into your contract!) Luckily we located our emergency exits before take off and came out just fine.