Getting in the game and learning my lesson

[Greg T.]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $278,000
Cash invested: $43,000
Sale price: $349,000

I did most of the rehab myself and regret it. Not only is it not scalable but if I was to analyze my profit by going off the number of hours I've spent fixing this place up it would be the worst hourly rate I've had in my life.
I did it and will never do it the same again. Lesson learned

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

FSBO estate sale. Home was built in 1960 with minimal upgrades over the years

How did you finance this deal?

Cash

How did you add value to the deal?

Replaced almost everything in the house

What was the outcome?

Project took too long. Way too many hours spent.