First Fix & Flip

[Avi Zarbavel]

Investment Info:

Condo fix & flip investment.

Purchase price: $28,000
Cash invested: $33,929
Sale price: $130,000

My first Fix & Flip, with a pool of investors with my wholesaling and all of my ventures partner Jake Burkons, a like minded young man that loves learning more about business, real estate and making money!!!

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

The Price was great. for the value of the location, very residential with local and commercial businesses elementary, middle, and high schools in the area large market of buyers at any age, great family place.

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

The main investor handled the negotiation but we counter offered to get a price that we couldn't refuse.

How did you finance this deal?

All Cash.

How did you add value to the deal?

Higher-end renovations, which increased the value of the condo to get it worth quadruple the amount we got the property for.

What was the outcome?

Deal complete sold after remodeling many lessons learned for being a newcomer in this atmosphere!

Lessons learned? Challenges?

I learned networking is very important in this business and top quality work and materials are important for the outcomeandquality of the project. If any experienced people in this field have any tips for the future please comment.