67th Street Fix & Flip
Investment Info:
Single-family residence fix & flip investment in Kansas City.
Purchase price: $34,000
Cash invested: $60,000
Sale price: $130,000
Full rehab project w/foundation, plumbing, and everything else - full gut job.
How did you find this deal and how did you negotiate it?
Bought this from a mortgage foreclosure auction.
How did you finance this deal?
Cash.
What was the outcome?
$30k + profit in 7 months.
Lessons learned? Challenges?
I took this project on before I had any financing and had all my cash tied up for almost 7 months! Having financing partners going into the deal would have allowed me to work multiple deals at once.
