Cary, NC completed condo flip

[Michael Griffith]

Investment Info:

Condo fix & flip investment.

Purchase price: $116,000
Cash invested: $27,000
Sale price: $187,500

Replaced kitchen, updated bathroom, drywall repairs, paint and flooring.

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

Area and quick turn around

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

Came through a wholesaler where I was one of several bidders. Using real numbers and knowing risk, I ended up with the deal

How did you finance this deal?

Hard money loan

How did you add value to the deal?

Renovation

What was the outcome?

Flipped in 2 months for a 45k profit

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

As a Realtor, I was the listing agent for the property.