A Look back - My 1st flip

[Eric Chikando]

Investment Info:

Single-family residence fix & flip investment in Paramus.

Purchase price: $135,000
Cash invested: $5,000
Sale price: $168,000

Even though this flip didn't require much work, what made it unique was its all cash nature. Thus, much stress for an inexperienced flipper such as myself at the time. While it all worked out in the end, an important lesson I learned was to always tailor all future acquisitions to be in sync with my personality as an investor. What investment strategy resonates more with you?

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

Location

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

MLS