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Updated about 6 years ago on . Most recent reply
![Colten Burress's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1137641/1621509453-avatar-coltenb.jpg?twic=v1/output=image/crop=257x257@0x42/cover=128x128&v=2)
First Flip has began!
Investment Info:
Single-family residence fix & flip investment in Newburgh.
Purchase price: $90,000
Cash invested: $30,000
Just closed on our first deal using hard money. Demo has began and contractor bidding process to start soon.
How did you find this deal and how did you negotiate it?
Found property on MLS
How did you finance this deal?
Hard Money
How did you add value to the deal?
Changing layout of house, re-landscaping and finishing basement
Lessons learned? Challenges?
Several
![](https://assets2.biggerpockets.com/uploads/investment_image/image/16323/medium_image.jpg)