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Updated over 5 years ago on .

Ian Olmsted's profile image
Ian Olmsted's profile image
Ian Olmsted
  • Investor
  • from Monroe, NC
  • Member since May 22, 2017
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User Stats

23
Posts
15
Votes
Ian Olmsted's profile image
Ian Olmsted's profile image
Ian Olmsted
  • Investor
  • from Monroe, NC
  • Member since May 22, 2017
Connect
Ian Olmsted
  • Investor
  • Monroe, NC
15
Votes |
23
Posts
Real Estate Deal Analysis & Advice

Quick flip of home in financial distress

Ian Olmsted
  • Investor
  • Monroe, NC
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $43,000
Cash invested: $5,000
Sale price: $65,000

Seller needed to get out from under payments, so the purchase price was low. The property needed minimal work to sell for market value.

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