Changing market with high rates

[Sam Munoz]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $180,000
Cash invested: $30,000

Small home with not too much work needed

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

Saw potential in making a profit with low money down

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

Seller is a friend of mine … offered seller what seemed fair based on property condition

How did you finance this deal?

Hard money with 10% down

How did you add value to the deal?

Added AC unit, painted home inside and out, fixed damaged fascia, redid flooring in 2 bedrooms, upgraded light fixtures throughout home

What was the outcome?

Currently on the market

Lessons learned? Challenges?

Priced aggressively and below current similar homes

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

I am a real estate agent and investor