First Flip, been on the market for 2 weeks. Fingers crossed.

[Brian VerPloegh]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $250,000
Cash invested: $65,000

This is my first flip. Came out great but still on the market. Numbers are a little tight so I'm hoping to get an offer soon.

How did you finance this deal?

Hard money

How did you add value to the deal?

Additional bedroom and fix up

Lessons learned? Challenges?

Know your numbers before.

[Brian VerPloegh]

It was easy and helpful to get me going.  I used an app called Backflip.  Fees were a little high, but doable.  Taking out the rehab money wasn't the worst, however you have to budget for a down payment for your contractor which I didn't.  Luckily, I was able to move some fund around and make it work.