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Updated almost 6 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Gabe Ulrich Jr.
  • Flipper/Rehabber
  • Delton, Mi
1
Votes |
7
Posts

fix and flip single family

Gabe Ulrich Jr.
  • Flipper/Rehabber
  • Delton, Mi
Posted

Investment Info:

Single-family residence fix & flip investment in Delton.

Purchase price: $20,000
Cash invested: $45,000

SINGLE FAMILY FIX AND FLIP 1007SQFT 3BED 1 BATH TOTAL REMODEL PLUMBING ELETRICAl HVAC ROOF DRYWALL PAINT WINDOWS DOORS TRIM NEW KITCHEN BATHROOM FLOORING

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

cant pass on a opportunity!!

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

it was sitting empty for 1 month and I had always said I would buy it when the opportunity arose.

How did you finance this deal?

cash from a local invester

How did you add value to the deal?

I could fix the investors problem they needed someone to do all of the work all they wanted to-do was invest and get out of the hands on aspect of it and just push money and make there money more money

What was the outcome?

still working out about 2 months away till we can sell it

Lessons learned? Challenges?

flips and total guts are way harder then they look but don't be discouraged keep pushing

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