1st Deal - Single Family Flip

[Ronea Saunders]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $135,000
Cash invested: $16,000
Sale price: $230,000

Working on building my portfolio and adding my past projects to my page!

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

I was looking for a value add opportunity.

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

REO Foreclosure, located on the MLS.

How did you finance this deal?

Conventional 5% down owner occupied financing.

How did you add value to the deal?

This property required all cosmetic upgrades, new kitchen, bath, floors, paint, etc. I saved a ton of money by doing majority of the work myself.