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Updated over 5 years ago,
First fix & flip in Houston Texas
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $117,000
Cash invested: $60,000
Sale price: $239,000
4-2-2 Single story...Did not flood during Hurrican Harvey. Complete rehab
What made you interested in investing in this type of deal?
Interested in fix & flip
How did you find this deal and how did you negotiate it?
Customer of mine wanted out and did not have the money to rehab it. Purchase for what was owed.
How did you finance this deal?
Hard money
How did you add value to the deal?
Rehab
What was the outcome?
Now ready to list and sell
Lessons learned? Challenges?
Took too long.
Finding good contractors and reasonable.
Went over budget too much