Live in fix and flip hack

[Carlos Aleman]

Investment Info:

Single-family residence other investment.

Purchase price: $165,000
Cash invested: $6,000
Sale price: $200,000

Live and flip hack

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

It was a good first home opportunity.

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

I spread the word that I was looking for a house to invest in and a former boss of mine let me know that his aunt was selling her house and we negotiated directly with the home owner and closed on it before it hit the market.

How did you finance this deal?

FHA loan

What was the outcome?

Lived in the house while my wife and I remodeled it.