Quick condo flip for $28k+ profit

[Robert Adams]

Investment Info:

Condo fix & flip investment in Henderson.

Purchase price: $140,000
Cash invested: $155,000
Sale price: $189,999

Sold this one for about $28k+ profit.

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

I have flipped several in this community pior so I knew the proeprty and area well. I knew I could sell it quickly because it was the cheapest remodeled condo in all of Henderson at the time I listed it.

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

MLS quick cash close.

How did you finance this deal?

IRA cash

How did you add value to the deal?

full remodel

What was the outcome?

Sold for a profit

Lessons learned? Challenges?

moving quickly in a declining market and selling at a low affordbale price before it loses more value