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Updated about 2 years ago,

User Stats

9
Posts
2
Votes
Ramon A Gomez
Agent
Pro Member
  • Real Estate Agent
  • Midland, TX
2
Votes |
9
Posts

From hoarder house to a beautiful family home!

Ramon A Gomez
Agent
Pro Member
  • Real Estate Agent
  • Midland, TX
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $35,000
Cash invested: $85,000
Sale price: $205,000

First Flip

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

The opportunity!

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

The Realtor called me and said it was too ugly to list.

How did you finance this deal?

Hard money

How did you add value to the deal?

Completly updateing home.

What was the outcome?

Successful flip, I met a great contractor and learned a lot.

Lessons learned? Challenges?

Jump in, then learn to swim.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Accelerated Funding did a phenomenal job with the financing.

  • Ramon A Gomez