My first flip home, looking to do
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $187,000
Cash invested: $40,000
Sale price: $250,000
How did you find this deal and how did you negotiate it?
A friend was renting the property, moving to a different state. I approached the owners to see if they wanted to sell the property. The market was to hot at the moment so I knew if the property hit the market, was going to sell for over asking.
How did you finance this deal?
Real State contract for 6 months paying rent to own. We flip and sold the house in 4 months
How did you add value to the deal?
Add a bathroom and a room
Lessons learned? Challenges?
Don’t over do, you will not use the property.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No, because I am a license real state broker. I do recommend working with an agent.
