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All Forum Posts by: Spencer Ross

Spencer Ross has started 1 posts and replied 1 times.

Real Estate Deal Analysis & Advice

Post: Fix and flip Frayser (Memphis) TN

Spencer RossPosted
  • Posts 1
  • Votes 4

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $10,000
Cash invested: $60,000
Sale price: $125,000

Acquired property for 10,000, spent 60,000 on rehab. A little short of a full remodel. House sat vacant for two years and was full of junk.

What made you interested in investing in this type of deal?

Obvious deal

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

Family friends deceased family member. Family was ready to give away home.

How did you finance this deal?

Cash

How did you add value to the deal?

Remodeling, new roof, Hvac, plumbing etc

What was the outcome?

Made enough money to buy another property.

4 Votes