Live-in flip -- ended up being a flop

[Michelle St. Claire]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,000
Cash invested: $110,000
Sale price: $185,000

This was my first flip, and live-in flip at that. I ended up over-spending because I was living in it so added features that I wanted and didn't necessarily add value (like water filtration system). Lots of lessons learned though and it was a great (and stressful) experience. I did not make money on this.