First Fix & Flip

[Juss Kitaa]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $115,000
Cash invested: $10,000
Sale price: $212,000

First flip gone RIGHT! Make sure your numbers are ALWAYs right and you have some meat on the bone to mess with. Hard money covered the entire project.

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

It was going to be a wholesale deal but I decided to become a buyer on this one.

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

Contractor recommended to me

How did you finance this deal?

Hard money loan

How did you add value to the deal?

Making it more modern

What was the outcome?

Successful fix and flip

Lessons learned? Challenges?

Always count for extra cost, only challenges were just unexpected things coming up such as mold in the attic , broken furnace, and updating a panel.

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

Longhorn Investments; overall good process

[Kyle Spearin]

Keep up the good work!