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Updated over 2 years ago,
329 n benton Ave *First Solo Flip*
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $39,000
Cash invested: $25,000
Sale price: $73,500
First solo official fix and flip. Definitely a learning experience out of the way and ready to move on to the next.
How did you find this deal and how did you negotiate it?
Off Market
How did you finance this deal?
Interest only mortgage.
How did you add value to the deal?
New Windows, exterior/interior paint, new flooring throughout house, updated lighting fixtures, cabinets, and plumbing.
Lessons learned? Challenges?
To far of a drive everyday while working another full time job. Over an hour and a half to get there resulting in lost time.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a realtor.