Investment Info:

Single-family residence fix & flip investment.

Purchase price: $238,000
Cash invested: $60,000
Sale price: $350,000

Contributors:
Jose Betancourt

SFH Deltona FL, hard money loan with rehab wrapped in.

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

After years of learning it was time to take action. I met Jose at a meetup and followed his lead.

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

This deal was purchased from New Western. Won the bid against other investors.

How did you finance this deal?

Hard money lender provided 85% of the purchase cost and 100% of the rehab in one loan.

How did you add value to the deal?

Full rehab. Bathrooms, kitchen, flooring, paint, new roof.

What was the outcome?

Sold 4 months after purchase as a profit.

Lessons learned? Challenges?

There is more to learn than can be learned in books and on pod casts. Gotta take action and get out there.