Pre foreclosure Flip

[Marc Griner]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $151,000
Cash invested: $16,000
Sale price: $199,900

Pre foreclosure was purchased with a deed in leu written up by an attorney which allowed me to pay her balance due, minor repairs completed and sold the property, all in less than 35 days.

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

Stumbled into it

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

same as above

How did you finance this deal?

none needed

How did you add value to the deal?

Paint and carpet

What was the outcome?

Profit of just under $33k in around a month.

Lessons learned? Challenges?

Should have purchased it, leased it and refinanced out. BRRRR

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a realtor