Phoenix Arizona Live and Flip

[Zachary Alex]

Investment Info:

Single-family residence fix & flip investment in Phoenix.

Purchase price: $215,000

Cash invested: $15,000

Sale price: $269,000

Live and flip in Phoenix, AZ

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

Wanted a value add with a good exit stratagey

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

Purchased from MLS and negotiated traditionally

How did you finance this deal?

VA loan

How did you add value to the deal?

Full renovation, labor curtosey of yours truly. Removed walls, remodeled kitchen, re modeled bathrooms and replaced flooring, windows and AC.

What was the outcome?

Sold for a profit of $25K

Lessons learned? Challenges?

Don’t live in a house you remodel and outsource labor for a faster turn around.