Fix & Flip, Panama City Beach, FL
Investment Info:
Single-family residence fix & flip investment in Panama City Beach.
Purchase price: $289,000
Cash invested: $48,000
Sale price: $414,000
Fix & Flip property we completed.
What made you interested in investing in this type of deal?
The numbers worked and there was a shortage of housing due to hurricane Michael
How did you find this deal and how did you negotiate it?
SEO work that we do with google AdWords. I negotiated it with the seller directly.
How did you finance this deal?
Cash and part Hard Money
How did you add value to the deal?
New Kitchen, Roof, Flooring, Painting, Landscaping
What was the outcome?
Profit
Lessons learned? Challenges?
Everything takes more time and add more time to each project.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No