Fix and flip

[Osiris Gamiochipi]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $40,000
Cash invested: $80,000
Sale price: $305,000

Interior gut to studs. Final pictures can be seen on Zillow. New Plumbing and Electrical.

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

Auction

How did you finance this deal?

Personal Cash

How did you add value to the deal?

Added an ADU

What was the outcome?

185k in profit

Lessons learned? Challenges?

New construction is easier and more profitable. Purchased land as the next investment.

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

no