This was our first flip back in 2015

[Albon Shaw]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $45,000
Cash invested: $60,000
Sale price: $135,000

This was an estate house I found through one of my clients while helping him sell his primary home. Financed via construction loan at local bank.

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

Through a Seller Client

How did you finance this deal?

Local Bank Construction Loan

How did you add value to the deal?

Remodeled almost everything in home

What was the outcome?

Excellent profit, happy neighbors, and happy new homeowner

Lessons learned? Challenges?

Contract out more of the work, started to train my wife to take the lead on flip projects.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Me! lol