My first flip project!!!

[Account Closed]

Investment Info:

Single-family residence fix & flip investment in Lancaster.

Purchase price: $90,000
Cash invested: $60,000
Sale price: $180,000

This is a single family row home that I flipped. It was a great learning experience.

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

I hung up a poster at the local grocery store and the seller called me from the ad. I put it under contract and negotiated him down after the contractor quote came in higher than anticipated.

How did you finance this deal?

I partnered up with a hard money lender and we agreed to split profit.

Lessons learned? Challenges?

I learned that having an itemized bid from the contractor is key to a successful rehab.