My fourth flip back in 2012

[Gus Muller]

Investment Info:

Single-family residence fix & flip investment in Minneapolis.

Purchase price: $104,900
Cash invested: $40,000
Sale price: $202,500

My fourth flip back in 2012

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

This house was in excellent shape. Good windows, exterior, roof, etc. I figured it wouldn't take much. The basement was nicely finished with a gas fireplace and 3/4 bathroom that just needed to be cleaned up.

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

On the MLS and negotiated it myself as I am a licensed broker.

How did you finance this deal?

100% of my own cash.

How did you add value to the deal?

Full remodel. Didn't make any major additions or changes to the house. Was pretty simple.

What was the outcome?

Outcome was great we made a hefty and pretty fast profit.

Lessons learned? Challenges?

No big surprises on this one, except for an underground bees nest that I found one day mowing. Ouch!