Single Family Fix and Flip 4 BR Florissant, mo

[Mike Stahlman]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $90,000

Cash invested: $25,000

Sale price: $149,000

Single Family Florissant, MO

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

Purchased from Wholesaler

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

Wholesale property email, negotiated down 5k

How did you finance this deal?

Local Interest only loan

How did you add value to the deal?

Good, however this area property values are not great

What was the outcome?

We will make some money on this, it is under contract

Lessons learned? Challenges?

Buy a little lower, Contractor Challenges. To many corners cut that cost time and money. To much redo. Quality is important to us.