First Flip in arlington heights il

[Adam Zajkowski]

Investment Info:

Single-family residence fix & flip investment in Arlington Heights.

Purchase price: $63,000
Cash invested: $20,000
Sale price: $125,000

We bought this condo in uprising market. At the time we knew we are going to live in it for couple of years and resealed later for a profit.

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

it was a foreclosure in a very good chicago suburb

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

mls and we paid the list price

How did you finance this deal?

conventional loan

How did you add value to the deal?

we did full rehab

What was the outcome?

we sell it for a great profit

Lessons learned? Challenges?

lesson was that we know we want to flip houses