My first flip

[Mattias Clymer]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $90,000
Cash invested: $50,000
Sale price: $235,700

My first flip

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

I was looking to get into the investing space more heavily and wanted to start with a flip.

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

A wholesaler came to my investment group meet up and presented the deal.

How did you finance this deal?

Used equity lines for the acquisition and funding the repairs.

How did you add value to the deal?

We opened it up, made a nice kitchen, changed the flow of a bathroom, new floors, paint, roof, and deck.

What was the outcome?

It was a great flip and we earned a good profit.

Lessons learned? Challenges?

The biggest challenge was getting past the initial fear that comes with a flip. It was a great decision and I don't regret it!

[Jamie O'Connell]

Quote from @Mattias Clymer:

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $90,000
Cash invested: $50,000
Sale price: $235,700

My first flip

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

I was looking to get into the investing space more heavily and wanted to start with a flip.

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

A wholesaler came to my investment group meet up and presented the deal.

How did you finance this deal?

Used equity lines for the acquisition and funding the repairs.

How did you add value to the deal?

We opened it up, made a nice kitchen, changed the flow of a bathroom, new floors, paint, roof, and deck.

What was the outcome?

It was a great flip and we earned a good profit.

Lessons learned? Challenges?

The biggest challenge was getting past the initial fear that comes with a flip. It was a great decision and I don't regret it!

 Amazing profit! I am under contract for my first flip and nervous but excited.