The flip that was an education

[Brian Egr]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $68,500
Cash invested: $60,000
Sale price: $143,000

This flip went terrible. I spend way to much money on it and it took way to long. I did a lot of the work myself, and it turned out well, but it wasn't worth the investment of time I put into it. After selling fees and holding costs, I lost $500.00 on the deal. I didn't make any money on this deal but I did learn more than anything how value my time was, and if I'm going to enter a deal it better be worth it in the end.

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

Postcard Mailing

How did you finance this deal?

Bank and cash

[Bob B.]

@Brian

@Brian Egr You probably learned more than if you'd paid big bucks to a guru.  Education Isn't usually free but in your case it was almost free.