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Updated over 5 years ago,
My last flip. I am looking to flip more and need funding .
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $32,000
Cash invested: $28,000
Sale price: $95,000
Lease option . rehab and flip
What made you interested in investing in this type of deal?
I fell into it. I flipped house across the street and I asked owner if he wanted to sell . He replied i will take payoff. Lawyer drew it up and did title ins. sweet deal
How did you find this deal and how did you negotiate it?
look above
How did you finance this deal?
cash on hand
How did you add value to the deal?
New Kitchen and bath, updated old basement remodel.,new roof , new furnace paint, lighting refinished hardwood floors
What was the outcome?
About 26000 after realtor fees , 3000 closing
Lessons learned? Challenges?
hire big projects out . I still have full time job. retiring in 19 months
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes Beth Solberg