First Flip Jacksonville Atlantic Beach FL

[Max Biggar]

Hello BP, Thanks for your support! I couldn't have done this or been motivated enough to do this without you! I have posted a few threads with questions throughout this process and finally have completed my first flip! I am on track with my goals and now have experience. And you can flip a house with no or low money down.

Purchase price: $300k

rehab: $55k

sold for : $420k

Profit after holding/closing costs: $35k (a little tighter than I'd like, but hey for my first one this ain't bad)

I got the property under contract, found an investor to take out a mortgage and pay for rehab, then I supervised the rehab and sold the property for a 50/50 split. I managed the process from start to finish and they provided the money.

My profit: $17.5k with very little out of pocket

on to the next...

Cheers!

-Max

[Brandon Reed]

This is awesome, @Max Biggar. Congratulations on being proactive to start securing a strong financial foothold for you and your family! Well done! :)

How did you find the property in the first place? What kind of marketing did you do?

Also curious to know how you found the investor who was willing to trust you enough with no experience to front ALL the cost....? I also have no experience and keep hearing of people who found someone willing to take a chance on them. Interested to hear how you did it.

Thanks!