50k Quick Fix and Flip

[Jason Coleman]

Investment Info:

Single-family residence fix & flip investment in Burlington.

Purchase price: $70,000
Cash invested: $76,000
Sale price: $126,000

Purchased with HELOC. Deep clean, handyman items, re-list and profit. Easy peasy : ) Update 8/1/2022 We found a cash buyer who paid 126k!!! Woop woop! Love this game : )

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

Quick cash

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

Direct

How did you finance this deal?

Cash/HELOC

How did you add value to the deal?

This was an easy deep clean, junk removal, rip out old carpet, then sell.

What was the outcome?

Almost 50k profit

Lessons learned? Challenges?

I always disclose a full inspection report on my flips/wholesales etc. Makes it easier for me overall and you don't have to sucker anyone into the deal.

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

I'm an Investor/Agent. I hired myself ; )