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Updated over 5 years ago on . Most recent reply

User Stats

27
Posts
39
Votes
Levi Klein
  • Real Estate Agent
  • Arlington/Marysville, WA
39
Votes |
27
Posts

The one that made me believe all things are possible

Levi Klein
  • Real Estate Agent
  • Arlington/Marysville, WA
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $96,000
Cash invested: $54,000
Sale price: $249,400

First intentional fix&flip and it was a home run making all things possible in my mindset

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

Necessity to leave the rat race

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

FSBO sign

How did you finance this deal?

OPM private investor that bank rolled the rehab and 100% of purchase

How did you add value to the deal?

went from 2/1 to a 3/2 with additional 300sqft

What was the outcome?

Made over 100k and earned a solid private lenderr willing to invest in the future based on me performing as promised.

Lessons learned? Challenges?

you only know 60% of the problems until you open the walls.

  • Levi Klein
  • Most Popular Reply

    User Stats

    23
    Posts
    7
    Votes
    Pam Holbrook
    • Investor
    • Newport, OR
    7
    Votes |
    23
    Posts
    Pam Holbrook
    • Investor
    • Newport, OR
    Replied

    Congratulations Levi! 

    Thanks for sharing your fix and flip details. I'm a newbie and this is informative and inspiring!

    Loading replies...