Fix and flip

[Daniel Ochoa]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $89,000
Cash invested: $25,000
Sale price: $140,000

Another JV deal with a family member.

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

Repeating the process from last fix and flip.

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

We go it from a wholesaler

How did you finance this deal?

Cash

How did you add value to the deal?

We remodeled it. Paint, Stucco, new flooring.

What was the outcome?

Very positive.

Lessons learned? Challenges?

We took to long on finishing it.