1st Fix and Flip

[Anthony Hill]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $42,500
Cash invested: $36,290
Sale price: $128,000

This is a SFR that was purchased as a FIx and Flip.
Renovations include: new roof, new HVAC, new hot water heater, new windows, granite in both baths, whirlpool tub w/double sink, downstairs bath w/tile shower. Kitchen subway tile back splash. Granite counter tops, new back deck, new garage door opener.

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

Growing the Real Estate business and learing about Fix-and-flip remodels

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

I found this on Craigslist.

How did you finance this deal?

Cash

How did you add value to the deal?

Remodel

What was the outcome?

Sold

Lessons learned? Challenges?

Lots of lessons learned about forming a new business with a partner.