First Flip a Success!!

[Dee Dee Waldmann]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $55,000
Cash invested: $65,000
Sale price: $149,900

Built in the 50’s and not updated since the 70’s. Solid construction with custom closets. Completely updated inside & out.

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

we had completely redone our home two years ago due to 24” of water from a flood. We decided it’s just not that hard to do.

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

Family property that we had an appraisal done to determine our buying price.

How did you finance this deal?

All our own cash.

How did you add value to the deal?

Completely rehabbing the home.

What was the outcome?

Great!

Lessons learned? Challenges?

Too many to list!

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

Our agent, Katie LaBauve is excellent!