First major remodel, East Ridge

[Alec Anderson]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $50,000
Cash invested: $45,000
Sale price: $165,000

Started out trying to wholesale this one and found a good partner who was interested in flipping it with me. We ended up gutting the whole thing and even doing a small addition. Learned a lot and quit my W2 job to take this one on full time.

How did you finance this deal?

Owner finance on the purchase, cash on the rehab

How did you add value to the deal?

Did all the work with a partner to save labor costs