A fix and flip, rented, then sold for $110,000 profit

[Bill Vaughn]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $45,000
Cash invested: $12,700
Sale price: $145,000

3 bed 2 bath, three car garage

What made you interested in investing in this type of deal?

I have been investing in real estate since 1969. Any type of property, and kind of deal as long as it is profitable

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

Found on the MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Some minor rehabbing

What was the outcome?

After fixing, then renting it at $1050/month, I sold for a profit of nearly $110, 000