First Fix and flip

[Rebecca Schwanz]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $100,000
Cash invested: $50,000

Our first flip. 4 bedroom 2.5 bath on 5.35 acres. Bought for 100k and hoping to list it within the next few months for 250k+

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

Found it through a wholesaler. Negotiated from 125k to 100k cash

How did you finance this deal?

Cash. Personal loan

Lessons learned? Challenges?

It takes much longer than you think. Find a good contractor right away.