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Updated about 2 years ago on . Most recent reply

User Stats

3
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0
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J. Atticus Wiseman
  • Real Estate Agent
  • Fort Wayne, IN
0
Votes |
3
Posts

My First Flip as a 19 year old college student

J. Atticus Wiseman
  • Real Estate Agent
  • Fort Wayne, IN
Posted

Investment Info:

Single-family residence fix & flip investment in Fort Wayne.

Purchase price: $60,000
Cash invested: $10,000
Sale price: $102,000

My first deal, a little 2/1 600 sq ft home in my home town.

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

Quick capital build.

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

Facebook group

How did you finance this deal?

Seller Financing

How did you add value to the deal?

cosmetic upgrades.

What was the outcome?

a 100% cash on cash return in 2 months!

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