Greenville SC Fix and Flip

[John Underwood]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $200,000
Cash invested: $150,000
Sale price: $471,000

Cash deal. Someone else had started and got foreclosed on. Bought from private lender via networking.

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

profit margin

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

Real Estate Club Networking

How did you finance this deal?

cash

How did you add value to the deal?

Remodeled entire house

What was the outcome?

It was sold (under contract) via zillow 3 months before house was finished.

Lessons learned? Challenges?

Sub out everything myself instead of depending on GC.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No

[John Underwood]

Originally posted by @Michael Kinsella:

@John Underwood Congrats on a successful fix & flip! Are you planning to do another?

 I do them when a good opportunity comes along. I'm already at my financial freedom number so I just do what I want.  I lend out money when I don't have it tied up.