Brrrsr :) Long term flip.

[Ana Garrido]

Investment Info:

Townhouse fix & flip investment.

Purchase price: $70,000
Cash invested: $40,000
Sale price: $181,100

Got it from a wholesaler. Funds came from LP, HML, and own cash. Full interior rehab. Added master bath, 1/2 bath, and new kitchen. When listed only got low offers, so we decided to hold and cash out refinancing it. Rented for 3 years. Listed again and sold it!.

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

Get experience in the field.

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

Through a wholesaler, and not negotiation.

How did you finance this deal?

We used a hard money lender that is a sister company of the wholesaler, a limited partner that was also the (general contractor, and a relative), plus our cash.