FLIP in Logan UT - 1 bedroom 1 bath - $200,000 in Equity.

[Shane Wilde]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $119,000
Cash invested: $15,000
Sale price: $300,000

This was a buy and hold for a couple years. After the tenants moved out, we gutted it and re-did the whole think.

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

Purchase Price.

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

Overhearing a conversation at work. I asked the guy about it afterward and asked for the sellers number.

How did you finance this deal?

We did a conventional mortgage.