First Time Flipper to start in real estate

[ALLAN Pohlman]

Investment Info:

Single-family residence fix & flip investment in Delphos.

Purchase price: $40,000
Cash invested: $25,000
Sale price: $95,000

I originally purchased this home as a rental. As I was making it “rent ready” I decided to take it a few steps further and flip this house. Although I was able to make a profit on my first flip, I don’t think I will flip another house for a while. I am now focusing on rental properties.