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Updated over 8 years ago,
1st Flip in the books at 23
Hi all,
I'm going to start documenting my successes to build credibility in the hopes to raise some private money to fund my projects.
I'm 23, have no job, and a very solid foundation of real estate investment knowledge. My family owns several self storage facilities, rentals, and just about anything else. I graduated the best university in the state of Florida with a bachelors in Psychology, Go Gators!
My first flip - I was a 50/50 partner with my dad, he financed it. Bought for 129k, put 23k in it, and sold for 201k. 6 weeks of work, for 32k total profit. House was under contract 4 days after hitting the market. 2700 bucks a week for a 23 year old, not too shabby.
I have plenty of money for financing my flips, I just need to raise private investment money for longer buy and holds. Stay tuned, I have 5 more success stories coming.