First Rehabbing Project

[Brandon C.]

Investment Info:

Single-family residence fix & flip investment.

I did a sweat equity deal with my father over a family home he purchased from my grandparents.

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

I loved watching the real estate investing shows like Flip this House.

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

A family member owned the property.

How did you finance this deal?

My father purchased it and I did the work on it, mainly, with some contractors.

How did you add value to the deal?

I did the bulk of the work on the property myself and oversaw contractors, too.

What was the outcome?

We brought in $13,000 profits.

Lessons learned? Challenges?

Always get a contract. I wasn't paid for my hard work.