First Live-in Flip

[Alex Smith]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $46,100
Cash invested: $25,000
Sale price: $133,900

This was my first live-in flip. We held onto the property as long as it made sense and then soldit and bought another property.

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

It worked for me at the time. I wasnt afraid of living in a house that needed renovations. We could see the end goal.

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

I bought this home as a foreclosure.

How did you finance this deal?

FHA financing.