The start of a career change
Investment Info:
Single-family residence fix & flip investment in Kansas City.
Purchase price: $270,000
Cash invested: $65,000
Sale price: $375,000
Our first of 4 flips in 2021! This one was a great learning experience and we are very fortunate for the deal we were able to secure on the purchase end - it allowed for a few mistakes that needed correcting and cut into profit, but we ended up meeting our GC that handled the next few projects and took a lot of stress off of piecing together individual contractors.
How did you finance this deal?
Cash investor willing to fund the project and was paid back at time of sale with a % of profit to us and % to them.