My fourth fix and flip

[Jake Burkons]

Investment Info:

Condo fix & flip investment.

Purchase price: $28,000
Cash invested: $33,292
Sale price: $130,000

This is my fourth Fix and Flip, with the same group of investors form my first condo sold.

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

Price point was a great value for this area.
It was in an area with many attractions and businesses near by. The school district was also fairly decent so it was perfect for families..

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

This deal was an arms length transaction. I negotiated the deal as a package deal for four units.

How did you finance this deal?

All Cash

How did you add value to the deal?

Higher end renevations and increased the overall value of condos in the complex by completing the biggest sale in complex history.

Lessons learned? Challenges?

I learned I must develop relationships with reputable contractors and create a power team of people I trust.