First fix and flip

[Michael Forster]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $835,000

Got our first fix and flip in Palm Desert ca.

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

The project itself was interesting and the potential profit made it more desirable.

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

Through a wholesaler.

How did you finance this deal?

Hard money lender

How did you add value to the deal?

We will be doing a complete rehab and update the kitchen, bathrooms and bedrooms.

What was the outcome?

It is still ongoing.