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Updated about 1 year ago,

User Stats

10
Posts
5
Votes
Dee Flournoy
  • Investor
  • Chicago
5
Votes |
10
Posts

THANK GOD the Plan Was Set and the Foundation Was Laid!

Dee Flournoy
  • Investor
  • Chicago
Posted

Investment Info:

Single-family residence fix & flip investment in Chicago.

Purchase price: $76,000
Cash invested: $29,000
Sale price: $228,000

My first flip that by the GRACE of GOD! Attention to detail in this one was exceptional! This is the one that helped make me the extremely experienced investor that I now am. I learned ALOT with this one and THANK GOD I'm still going strong. This was well worth it because some talk about or dream of making $100k on their first flip & I actually DID ITI have the HUD to prove it! GOD was looking out for me by allowing me to acquire the knowledge well before I had the resources, simple as that!

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

It was a great single family opportunity in one of my core investment neighborhoods on the Southside of Chicago. I was ecstatic and grateful to be able to get it at the price in which I did, so it was a no brainer, especially with it being my very first flip and investment transaction for that matter. Additionally, it wasn't far from my primary home so I was able to be hands on with the project EVERY single day. I truly feel my accessibility to the project is what helped this be a success.

How did you finance this deal?

Hard Money

What was the outcome?

The outcome was an absolute blessing!! All smiles, a HUGE exhale and the confirmation that all my time and energy gaining the knowledge in this industry for the first 11 years before this opportunity came to fruition was all worth it!

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