First flip with minimum money!

[Ashley Naumann]

Investment Info:

Single-family residence fix & flip investment in Ellicott City.

Purchase price: $303,000
Cash invested: $12,000
Sale price: $370,000

Purchased townhome as investment to live in while flipping. 18 months later sold for a profit of 50k.

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

It was a foreclosure in a great area with awesome schools.

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

HomePath property. Purchased same day it was listed - negotiated for maximum closing cost help so I could use that money for needed fixes.

How did you finance this deal?

7/1 ARM

How did you add value to the deal?

New kitchen counters, new bathroom fixtures, refinished hardwoods, and redesigned backyard.