My First Flip! Edina Condo

[Gavin Grady]

Investment Info:

Single-family residence fix & flip investment in Edina.

Purchase price: $85,000

900 SF condo currently in the rehab phase, performing all of the repairs ourselves. Installing new laminate wood flooring throughout, new SS appliances, new granite and marble countertops, updated cabinets, new plumbing and electrical fixtures, fresh paint, new closet shelving and closet doors.

See the before and after photos!

Getting ready to put this property on the market!

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

Wanted to get started in real estate investing and jumped at the opportunity

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

Off-market from a co-worker

How did you finance this deal?

private money and personal cash

How did you add value to the deal?

self-performed all of the rehab

What was the outcome?

uncertain yet, just preparing to put it on the market

Lessons learned? Challenges?

learned a lot about the acquisition process of an off-market property since I purchase this deal without an agent. Also, dealing with HOA can be frustrating at times...