Updated over 3 years ago on . Most recent reply
Flip #2, Rocklin CA.
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $315,000
Cash invested: $100,000
Sale price: $645,000
https://youtu.be/KuE9hIkaD-A
Home was acquired through direct mail campaign. Home had major work/clean up needed. Owner behind 75k in property taxes.
What made you interested in investing in this type of deal?
Money Velocity
How did you find this deal and how did you negotiate it?
Direct mail + Tax Lien Sale
How did you finance this deal?
Hard Money
How did you add value to the deal?
Clean up mountains of trash, and update items
Lessons learned? Challenges?
No Partners
