Only 3 months from start to closing and I NET 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 thought it was a good ROI for a fix and flip

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

The home was owned by my cousin and I took over his payments

How did you finance this deal?

I left the home in my cousins name and just took over the payments

How did you add value to the deal?

I put 40k into rehabbing the home

What was the outcome?

I NET 30k after everything was said and done

Lessons learned? Challenges?

Flipping a house can be very challenging but rewarding