Fix and flip property

[Elphinstone Birch]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $154,000
Cash invested: $2,000
Sale price: $134,900

Great investment property. In very good and quiet neighborhoods. A very profitable investment.

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

High net profit potential

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

Through an real estate agent. It is bank own. Negotiated through a bidding process

How did you finance this deal?

Cash

How did you add value to the deal?

$302,0000

What was the outcome?

Pending

Lessons learned? Challenges?

Being fast in presenting attractive and smart offer

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

Yes.