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Updated almost 6 years ago on . Most recent reply
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fix and flip single family
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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