I fix and flip properties to reinvest in syndications.

[Whitney McNair]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $150,000
Cash invested: $15,000
Sale price: $301,000

Found this deal off market and flipped it quickly for a profit. I do fix and flips and take the money to invest as a General Partner on a syndication team.

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

Quick sale and high profits to re-invest.

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

I found this deal off market from a Realtor.

How did you finance this deal?

Hard Money

How did you add value to the deal?

New kitchen, countertops, appliances, flooring, demo, new bathrooms, paint, etc.

What was the outcome?

Rehabbed and sold in 3.5 months.

Lessons learned? Challenges?

I would have hired a junk haul person to do the clean out instead of my contractor.

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

I was the Listing agent and sold the property in 3 days.