Spokane Valley Condo Flip complete, here is my investment

[Jeff Wittig]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $97,500
Cash invested: $13,000
Sale price: $139,900

Contributors:
Kelsey Peters-Wittig

Purchased off the MLS. Cosmetic remodel including paint, minor drywall work, flooring, lights, appliances, water heater all new cabinetry, counter tops, fixtures and moldings. Work was preformed by myself on the weekends.

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

Easy flip for my first flip and the numbers just made sense. Something I could do wile working a full time job. Most important was being able to spend quality time with my father working on this. I almost turned this deal down due to time analysis paralysis and I changed my mind after thinking about how I will not get this kind of time spent with my father as it is not always guaranteed.

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

My Agent

How did you finance this deal?

Cash

How did you add value to the deal?

Doing the work, shopping for deals on materials

What was the outcome?

Great we made a profit!!!