My First Fix & Flip in Texas

[Kelly Arocha]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $73,000
Cash invested: $30,000

3 bed, 2 bath home near Beaumont. Almost complete to either flip or turn into a rental.

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

Wanted to start my RE investing journey so I looked around and made the jump.

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

On the internet. Used a local realtor to make the deal.

How did you finance this deal?

I used a self-directed IRA to fund the deal.

How did you add value to the deal?

New roof, new A/C and Heater, new stove, cleaned up, new insulation in the attic, fixed damage to the inside, new paint, painted cabinets, resurfaced the kitchen countertops.

Lessons learned? Challenges?

Expect more repairs than you initially price out