3rd local fix and flip

[Justin Campbell]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $192,000
Cash invested: $28,075
Sale price: $320,000

Off-market property. Previous owner was tired of being an out of state landlord and wanted out from his mortgage.

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

It was in a great neighborhood and was heavy cosmetic only.

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

Out of state landlord- Facebook. I offered, he countered and we agreed :)

How did you finance this deal?

Private money. Cash purchase.

How did you add value to the deal?

New kitchen, bathroom, flooring, interior paint, windows, light fixtures, garage doors, light exterior.

What was the outcome?

A great project.

Lessons learned? Challenges?

It's really tough to paint and do landscaping in the winter :)

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

Seth Haak! Highly recommend.