Got a real nice payday from this Live-in-Flip

[Anthony Katsonis]

Investment Info:

Single-family residence fix & flip investment in Placerville.

Purchase price: $130,000

Cash invested: $37,500

Sale price: $330,000

Bought it right, fixed it up, rented it for a while, then sold it. Worked out wonderfully, wish we had ten more just like it!

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

It was the bottom of the market, and it had lots of potential.

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

MLS

How did you finance this deal?

FHA

What was the outcome?

Cashed a real nice check!

Lessons learned? Challenges?

Buy real estate, get paid.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I listed it, had it in contract in 3 days for 5k over asking.