Live and Fix and Flip

[Gage Bohn]

Investment Info:

Single-family residence other investment.

Purchase price: $46,000
Cash invested: $38,000
Sale price: $68,000

Live in fix and flip, admittedly the cash for deposit was a gift, leaving me time to live in It and fix things up.

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

Circumstance of needing a place to live with the intent of selling for a profit mitigating costs

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

Mostly just went with my gut I bought it during a crazy time single family homes are being bought only hours after coming on the market I had the choice between this house and another the other was slightly bigger with a basement in the porch but the roof did not seem bonded in my Spidey senses told me there might be Foundation issues in mold due to a smell while inspecting the house admittedly the house I bought is 950 ft has no basement and is a two bedroom one bath with a detached garage

How did you finance this deal?

Family

How did you add value to the deal?

The doors windows appliances flooring ventilation hot water trim along with electrical wiring

What was the outcome?

Profit

Lessons learned? Challenges?

Don't bang on pipes in the quest of fixing anything

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No