Single Family FIx & Flip in Tampa, Florida

[Chibuzo Umeh]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $185,000
Cash invested: $40,000
Sale price: $249,900

Quick & simple project for a family member that was looking sell for top dollar. Did some basic retouches that provided maximum value.

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

Taught me the ropes!

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

Family member brought the deal to me b/c I was the go-to person about REI

How did you finance this deal?

seller financing

How did you add value to the deal?

Listened to what the clients wanted to achieve from the sale & incorporated what the next family would like when purchasing the remodeled home.

What was the outcome?

Got off the fence and did my 1st deal with SELLER FINANCING!

Lessons learned? Challenges?

Always make sure your contractor is working! Have and agent drive by every couple of hours to ensure the work is completed according to schedule.