Updated over 6 years ago on . Most recent reply
Newly purchased flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $125,000
Cash invested: $37,000
5BR/3.5BA home w/ finished basement. Main level features: Family room w/ fireplace, formal dining room, eat-in kitchen w/ tile floor & pantry, laundry room, & conveniently located half bath. Upstairs: Spacious master bedroom w/ double trey ceiling & his/her walk-in closets, Master bath
What made you interested in investing in this type of deal?
Primarily cosmetic renovations required. Quick turnaround, stable market
How did you find this deal and how did you negotiate it?
MLS listing - listing price was $140,000. Multiple offers, but cash purchase made it appealing to the seller
How did you finance this deal?
Cash
