Fix and Flip

[Angie Ruiz]

Investment Info:

Single-family residence fix & flip investment in Chicago Heights.

Purchase price: $30,000
Cash invested: $80,000
Sale price: $135,000

First rehab. Scarry but fun! Single family 4 beds, 2 baths, attached 2 car garage, Complete gut rehabbed. Sold for $135K.

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

Through the HUD website

How did you finance this deal?

Cash, all in.

Lessons learned? Challenges?

Budge for unexpected repairs. Have a cushion of at least $10K