KCMO Fix and Flip #1

[Cody Petersen]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $85,000
Cash invested: $12,000
Sale price: $155,000

Bought this SFH with two other partners as a fix and flip. Purchased for $85k with about $25k rehab, all in at around $110k. Sold at $155k, minus commissions and fees we profited around $35k. This was our first attempt at a flip, we learned a lot and made a profit. I would say it was a success!

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

We found this deal from a wholesaler.

How did you finance this deal?

Hard money

How did you add value to the deal?

Cosmetic updates