Fun Fix n Flip in North Charleston South Carolina!

[Stephen Richerson]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $93,000

Sale price: $181,000

Purchased from online auction. Raised the money for down payment and rehab so $0 out of pocket for this deal. 

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

auction.com not much room for negotiating.

How did you finance this deal?

Hard money lender, Lending Hq. Private lenders.

How did you add value to the deal?

Either painted or replaced just about everything.

What was the outcome?

Under contract very quickly at asking price. Over $30k in profit.