Flip or BRRRR (I chose flip)

[Min Zhang]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $62,000
Cash invested: $10,000

Bought it for $62,000 using hard money
Needs around $35,000 in total rehab
90% LTV
ARV is $160,000

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

It was a small a deal, something that I could afford.

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

I found it through working with my wholesalers. I negotiated $20k below what was asking. Weeks later, my wholesaler called me that they could work with our number.

How did you finance this deal?

Hard money and financed it with a partner

How did you add value to the deal?

Mid-size rehab/ new kitchen, new flooring, new doors

What was the outcome?

in progress

Lessons learned? Challenges?

in progress

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

in progress