10 Days to buy, rehab, put tenant in place and resell!

[Robert Adams]

Investment Info:

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

Purchase price: $28,000
Cash invested: $1,500
Sale price: $38,500

I owned this unit for 10 days! I bought it, did minor rehab, put a tenant in place at $650 mo and then sold it to a fellow BiggerPockets member. He held it with the same tenant for 2 years with positive cashflow then sold it to another investor of ours. then that investor held it for 3 months, we put a new tenant in it at $700 mo and then we sold it for again.

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

quick buy, rehab, place tenant, and resale in only 10 days

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

on MLS

How did you finance this deal?

cash

How did you add value to the deal?

minor rehab, place tenant

What was the outcome?

sold for profit

Lessons learned? Challenges?

how to multitask and move the deal along quickly