The first investment fix and flip via sub2

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Investment Info:

Single-family residence fix & flip investment.

Purchase price: $145,000
Cash invested: $20,000
Sale price: $212,000

It was a sub2 deal with 45k investment in total

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

Small investment and high ROI

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

cold letters to distressed properties (pre-foreclosure)

How did you finance this deal?

the biggest part is sub2 with a promissory note and some cash out of pocket

How did you add value to the deal?

small repairs

What was the outcome?

high ROI because of sub2

Lessons learned? Challenges?

everything is possible

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

My friend found contractor to do repairs as I was out of the country and wasn't able to return