Our First Flip

[Daniel Craft]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $189,000
Cash invested: $90,000
Sale price: $375,000

Our first flip. Learned a lot about flipping, but we did have a profit. Looking forward to the next one.

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

So many deals to do in our market.

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

My wife is a realtor and she found it.

How did you finance this deal?

Local bank loan

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

Yes, my wife.