Harvey Flooded Home - Yet it was the Easiest Flip.

[Jaison Emmanuel]

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $105
Cash invested: $10
Sale price: $155

It took 3 contracts to get the deal done by a buyer. THis was a Harvey flooded home. This was the quickest and easiest flip I have done.

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

Since I moved to TX.. I needed extra income aside from my cash flow income.

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

Through a wholesaler.

How did you finance this deal?

Private capital, and my income

How did you add value to the deal?

redid the roof and landscaping.

Lessons learned? Challenges?

thought this would be a hard flip cause it was flooded. But so many people were interested.

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

MIH Realty in Houston TX.