Single family fix and flip

[Timothy Lampson]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $255,000
Cash invested: $120,000
Sale price: $460,000

Single family ranch style house in Florida. Built 1960 and need a total renovation. I did roof, electric, plumbing remove a wall, paint and appliances.

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

Internet research and a local broker

How did you finance this deal?

All cash

What was the outcome?

Made a nice profit

Lessons learned? Challenges?

Watch everything the contractor and workers are doing very closely.