Updating my profile with my past experience in REI

[Alexandra D.]

Investment Info:

Townhouse fix & flip investment.

Purchase price: $115,000
Sale price: $165,000

This was a basic fix and flip. Paint, carpet, light fixtures, deck and outside clean-up, plumbing and sump pump corrections.

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

It was an easy, quick flip.

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

A realtor brought the deal to me from another investor.

How did you finance this deal?

Hard Money

How did you add value to the deal?

I made it fresh for the MLS :)

What was the outcome?

The house went under contract quickly. The first contract fell through and we had it under contract again quickly.

Lessons learned? Challenges?

Leave enough room in the budget to hire someone to paint. Create a project management list so I am not wasting time driving to the hardware store multiple times in a week, sometimes in a day.