Fix and Flip Durham NC

[Eric Ingram]

Investment Info:

Townhouse fix & flip investment.

Sale price: $237,500

This was a quick flip in Durham NC. Townhome 3 bedroom and 2 1/2 baths. New kitchen, new floors, new bathrooms, new floors LVP and carpet, new deck and new HVAC, new water heater.

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

Great lead from SEO, motivated seller.

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

I got this deal from the work I put in doing SEO work. Got a call from the seller after they visited my website.

How did you finance this deal?

Private Investor for the purchase price and my own money for the rehab

How did you add value to the deal?

New, new new. See the pictures.

What was the outcome?

Net Proceeds from Sale (minus closing cost) $224,657.45
Initial Loan Payoff $105,000.00
Cumulative Rehab & Holding Expenses $48,917.90

Cash From Sale $70,739.55

Lessons learned? Challenges?

Don't give up. The only way you fail is when you don't try!!!!