Flipped property in Cal City

[Angie Pape]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $50,000
Sale price: $125,000

Purchased a foreclosure single-family home in 2010 and did a fix and flip on it.

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

The opportunity to make money on flipping.

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

We found it on the MLS.

Lessons learned? Challenges?

Do not over-improve. Keep your costs and expectations in check.