My First Fix-N-Flip! Pensacola, FL

[Caleb Drake]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $120,000
Cash invested: $50,000

My current Fix-N-Flip. We are starting the rehab 13 Apr 2022. Follow along on my first flip! I'll be posting on my IG @Drake_Oh.

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

Seeing all of my clients make money flipping houses.

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

On the MLS. Used a quick closing and above asking price offer.

How did you finance this deal?

Hard Money Fix n Flip Loan

How did you add value to the deal?

I will force the value by rehabbing it!

What was the outcome?

TBD!

Lessons learned? Challenges?

TBD!

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

Yes, I worked with an awesome agent. His name is Caleb Drake.

[Caleb Drake]

@Kevin PillowI use these guys for all of my flips for buyers and myself. I’ve had  relationship with them for a little over a year and this is the third or fourth big project they’ve done for me. 

They sub out any licensed electrical or plumbing problems, but the rest they are capable of doing. We also have a great AC contractor as well.