It was like a college class in house to flip properties!

[Lauren Patrick]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $66,500
Cash invested: $60,000
Sale price: $145,500

The house had a garage turned into a mother in law suite. The property was in complete distress with sitting water in basement. The home inspector did not do a good job with inspection. We kept finding surprises through out

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

Hot neighborhood

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

Paid asking price in multiple offers

How did you finance this deal?

Heloc and hard money for rehab

How did you add value to the deal?

complete rehab

What was the outcome?

Did not make the 50k I anticpated. I learned a lot on how to get everything in writing with contractors using the fat pay method.