Updated over 3 years ago on . Most recent reply
Closed out a great flip today!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $175,000
Cash invested: $295,000
Sale price: $427,000
Fix & flipped a SFR for a net profit of $107,000
How did you find this deal and how did you negotiate it?
Seller was referred to me from someone in my sphere of influence
How did you finance this deal?
Several sources - a line of credit against other rentals, plus several unsecured lines
How did you add value to the deal?
Assisted a seller whose home was in major disrepair and was behind on taxes. Closed on seller's timeline and helped them buy a small condo nearby with their cash proceeds.
What was the outcome?
Everyone is happy!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Plenty! Ask me