4) contract assumption & flip

[Justin Fagala]

Investment Info:

Single-family residence fix & flip investment in Colorado Springs.

Purchase price: $160,000
Cash invested: $5,000
Sale price: $190,000

contract assumption - quick flip

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

quick flip opportunity. Assumed contract from another investor and sold after minimal advertising

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

Local RE investor group

How did you finance this deal?

5k cash assumption

How did you add value to the deal?

practically nothing