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User Stats

64
Posts
50
Votes
Stephen Richerson
  • Flipper/Rehabber
  • Nationwide
50
Votes |
64
Posts

Fun Fix n Flip in North Charleston South Carolina!

Stephen Richerson
  • Flipper/Rehabber
  • Nationwide
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $93,000

Sale price: $181,000

Purchased from online auction. Raised the money for down payment and rehab so $0 out of pocket for this deal. 

How did you find this deal and how did you negotiate it?

auction.com not much room for negotiating.

How did you finance this deal?

Hard money lender, Lending Hq. Private lenders.

How did you add value to the deal?

Either painted or replaced just about everything.

What was the outcome?

Under contract very quickly at asking price. Over $30k in profit.

Most Popular Reply

User Stats

3
Posts
1
Votes
Victor Armendariz
  • Specialist
  • Beaverton, OR
1
Votes |
3
Posts
Victor Armendariz
  • Specialist
  • Beaverton, OR
Replied

Thanks for sharing! As a newbie really love seeing how important it is to know the numbers.

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