Updated 9 months ago on . Most recent reply
First flip graduation present
Investment Info:
Single-family residence fix & flip investment in Waverly.
Purchase price: $1
Cash invested: $20,000
Sale price: $45,000
First deal to start my portfolio. Quick flip for a long term rental before I sold it. The most bad luck property I’ve ever owned but was a good first property- lots of learning lessons.
How did you find this deal and how did you negotiate it?
Borough owned the house & put in a $1 bid at a meeting.
Lessons learned? Challenges?
Don’t rent to friends, have everything in writing & take pictures.