months 30k on this deal.

[Bryce Rowland]

Investment Info:

Single-family residence fix & flip investment in Winston.

Purchase price: $90,000
Cash invested: $40,000
Sale price: $170,000

Took over payments for a relative and spent 2 months fixing it up. I put 40k into it. I sold went under contract less than a week of it being in the market and pocketed 30k after all expenses. It took a month to close. So I NET 30k in 3 months on this deal.

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

I saw potential to remodel and make make money on it

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

It was a cousins home. I took over his payments.

How did you finance this deal?

I took over payments and left it in his name.

How did you add value to the deal?

I put 40k into it.

What was the outcome?

I net 30k when it was all said and done.

Lessons learned? Challenges?

Flips are not easy lol but definitely worth it if the numbers are right