An Easy wholetale deal

[Brian Egr]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,500
Cash invested: $1,500
Sale price: $86,743

This deal I bought with the intention of flipping. It came with a tenant in it that had a valid lease for 6 months after the time I bought it, so I couldn't start flipping it right away. I decided to try and sell it on the MLS for a quick turn, it ended up working well. I didn't put any money into it, got 3 months of rent out of it, and cleared about 10K on the deal after realtors fee etc...