Condo Live in Fix and Flip

[Joseph A Henke]

Investment Info:

Condo fix & flip investment.

Purchase price: $98,900
Cash invested: $7,000
Sale price: $115,000

Lived in the property for a 1.5 years did some cosmetic renovations and benefited from price increases from 2020 to 2022. Profited around 10k on the deal after closing costs and concessions.

How did you finance this deal?

FHA

How did you add value to the deal?

Cosmetic reno

What was the outcome?

Modest profit

Lessons learned? Challenges?

HOAs suck.