First fix and flip

[Autumn Cain]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $100,000
Cash invested: $50,000

My partner and I are getting into our first fix and flip! A beautiful chalet in Tobyhanna PA that needs some TLC to reach it's full potential.

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

My partner and I are interested in multifamily LTR rentals, and are beginning our journey with fix and flips to build capital.

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

I found this deal off market and found agreeable terms with the seller involving a midterm lease during renovation.

How did you finance this deal?

FHA Loan

How did you add value to the deal?

A complete house remodel and design.

What was the outcome?

Still in the process!

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

Armani Colon (Home Smart)