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Updated 3 months ago, 09/24/2024

User Stats

20
Posts
9
Votes
Daisy Hawkins
  • Investor
  • Bakersfield
9
Votes |
20
Posts

From active auction date to newly renovated gem

Daisy Hawkins
  • Investor
  • Bakersfield
Posted

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $120,000
Cash invested: $25,000

Our latest Flip, this was a pre- foreclosure lead.

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

Cold calling

How did you finance this deal?

Purchased creatively ( sub too) Rehab (Credit card zero interest)

What was the outcome?

As we flipped this ourselves from the roof to the flooring, we gained much respect to labor workers and realized even the tidiest things such as changing the outlet covers and installing new plumbing will take up a lot of time! This was a great learning curve and will humbly do it all over again.