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Updated over 1 year ago on .

User Stats

126
Posts
111
Votes
Adam Zach
  • Rental Property Investor
  • Fargo, ND
111
Votes |
126
Posts

100% financed flip done in 60 days.

Adam Zach
  • Rental Property Investor
  • Fargo, ND
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $32,000
Cash invested: $72,000
Sale price: $115,000

Contributors:
Thomas Latuga

Equity partner on this deal. We brought 100% of the financing (cash to close plus rehab and holding), our partner found the deal and managed the home. We split profits 50/50. Would fund this deal all day everyday.

This flipper approached us on this deal. He has a serious track record and the deal was at or below the 70% rule. We connected and signed a JV as money partner and deal provider. Win win!