My 1st Fix & Flip

[Marcus Mcneil]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $135,000
Sale price: $267,000

My 1st Fix & Flip

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

Location/ Equity

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

Online Lead, Probate court, Seller needed to sell quickly.

How did you finance this deal?

JV Partnership

How did you add value to the deal?

Renovated the full property

What was the outcome?

Sold 1yr later

Lessons learned? Challenges?

One lesson learned: Create a good relationship with contractor and shop around for the best pricing on materials.