Condo Flip in Vegas back in 2013

[Robert Adams]

Investment Info:

Single-family residence fix & flip investment in Las Vegas.

Purchase price: $45,000
Cash invested: $100
Sale price: $65,000

We cleaned the carpets and relisted it. We asked $69,900 originally which was much higher than value so it too a little longer to sell but we were ok w that at the time.

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

it was an easy short sale purchase and flip with no rehab other than cleaning the carpets

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

it was a short sale I negotiated for a client that backed out so we bought it

How did you finance this deal?

cash

How did you add value to the deal?

bought below value...cleaned it and resold

What was the outcome?

sold for $20k more than purchase