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Updated about 3 years ago on . Most recent reply
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On MLS Flip Deal with Great Profits!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $95,000
Cash invested: $32,500
Sale price: $185,000
Fix and Flip deal - I found a seller who had several homes for sale at once and was able to pick up one of the best homes where a tenant had just been evicted. We got the home on market for about $35k less than list price and then invested that difference in the home and sold it at full retail value for $5k over list!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I was the licensed agent on both the purchase and the sale. I love working as both an investor and and agent and I enjoy working with other investors to meet their goals as well!
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