Fix & Flip Midland

[Ramon A Gomez]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $160,000
Cash invested: $30,000

Took this home from bad to glam in 1.5 months for a healthy profit.

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

Speed of captial increase.

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

Wholeseller

How did you finance this deal?

Hard Money

How did you add value to the deal?

Updates the seller had no interest in doing.

What was the outcome?

Flip

Lessons learned? Challenges?

Everything always takes longer and is more costly than projected.

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

Ramon Gomez Realtor in Midland and West Texas