First flip property

[Hao Jiang]

Investment Info:

Single-family residence fix & flip investment in Wilmington.

Purchase price: $140,000
Cash invested: $140,000
Sale price: $220,000

1st flip property

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

Partnership and property location

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

County sheriff sale

How did you finance this deal?

cash

How did you add value to the deal?

New bathroom, new kitchen, new floor, fresh paint

What was the outcome?

Profit around$20000

Lessons learned? Challenges?

Need lots of research work prior to attended the auction

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am Real Estate agent