Primary Fix and Sell

[Greg Ross]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $189,000
Cash invested: $50,000
Sale price: $299,000

This property was underpriced in a desirable neighborhood. We purchased using a VA loan and updated carpet, windows, doors, and paint. This was our primary residence for 2 years until we sold it for a nice profit to upgrade to a larger home.

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

The potential- this property had not been updated in many years and mostly needed cosmetic improvements.

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

Facebook Marketplace. Helped the seller with a comfortable closing date and removed items they didn't want/couldn't move out.

How did you finance this deal?

VA mortgage.

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

Yes; I am a Realtor :)