I was making the same mistake twice (at the same time)

[Matt Pursley]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $54,000
Cash invested: $55,000
Sale price: $149,000

Small 2/1. Absolutely obnoxious just like my previous post. Learned to avoid small 2/1 homes. Returns aren't great in this area and it's a tough house to sell IMO.

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

Direct mail, seller was ready and made cash offer.

How did you finance this deal?

HELOC and private money

How did you add value to the deal?

Remodel kitchen bath new floors paint fixtures

What was the outcome?

Net profit was about 20k. 2 weeks on market

Lessons learned? Challenges?

Avoid 2 bd 1 bath.