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Updated 10 months ago, 02/04/2024

User Stats

37
Posts
21
Votes
Jack Saunders
Pro Member
  • Rental Property Investor
  • Greensboro NC
21
Votes |
37
Posts

Our 1st Single Family Flip

Jack Saunders
Pro Member
  • Rental Property Investor
  • Greensboro NC
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $80,000

This was our first flip and it happened to need a full re-remodel due to previous owner performing a full demo (sheetrock removed, electrical, plumbing and all left was studs. However allowing us to change the layout and learn a ton in the process.
You can keep up with the progress with my photos - https://drive.google.com/drive/folders/1rL4DHU4VBWyoHDP46aFQlmaVSfQUsFgq?usp=drive_link

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

Great location, demo was done.

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

Redfin, we knew the seller.

How did you finance this deal?

Cash on hand

What was the outcome?

Still in progress......More to come!

  • Jack Saunders