I did a fix and flip deal out side of my comfort zone.

[Jose Jacob]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $200,000
Cash invested: $73,000
Sale price: $413,000

I bought this property from a seller direct and renovated it. Had an extension in the back. Basement was not finished. I put a new kitchen, new bath, new roof and new kitchen floors with new appliances.

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

I am a Realtor for over 30 years. I always wanted to fix and flip deals because I sold several properties to flippers. Finally my dream came through

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

Through a friend. it was his sisters house.

How did you finance this deal?

friends and family.

How did you add value to the deal?

by renovating it with excellent work.

What was the outcome?

Made profit

Lessons learned? Challenges?

no challenges.

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

nope