First flip sorry for the late post

[Nathan Eaton]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $60,000
Cash invested: $46,000
Sale price: $148,500

Fix And flip! This gem was about to head to auction and had been vacant for 9 YEARS! we completely redid the bedrooms in the basement and gave a face lift to the rest of the house. It was our first real flip and it defiantly took longer then we had expected!

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

At the time its was all we could afford

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

MLS

How did you finance this deal?

Heloc to purchase and renovations

How did you add value to the deal?

We rehabbed the whole house

What was the outcome?

We sold it and made a nice profit.

Lessons learned? Challenges?

We learned to not do all the work ourselves. By doing everything it took way longer then we wanted.