Posting a few Flip deals from this past year

[Robert Richmond]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $192,000
Cash invested: $224,000
Sale price: $254,000

Fix and Flip. 10% ROI in 3 months. 40% ROI annualized.
Only bought this one to help someone out. Wasn't looking for massive returns.

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

Wanted to help someone gain experience.

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

MLS and with experience

How did you finance this deal?

cash

How did you add value to the deal?

quality contractor work

What was the outcome?

10% ROI in 3 months. OR, 40% annualized

Lessons learned? Challenges?

converting the bathroom was a fun project, and worked out better and more cost effective than hoped!
Poor timing on listing, held up do to contractor workload

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Robert Richmond, of course!
Cliff Masink for the great contractor work!