Simple flip that happened fast

[Tai DeSa]

Investment Info:

Single-family residence fix & flip investment in Freemansburg.

Purchase price: $23,500
Cash invested: $24,000
Sale price: $40,000

I made an offer of $23,500, and it was accepted. I found a flipper through networking. The flipper was willing to pay $40,000 for the house. I bought it for $23,500 and sold the next day for $40,000. The flipper sold it later that year for $79,900.

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

I found the seller through networking, and I also found the buyer through networking.

What was the outcome?

The flipper bought the house from me for $40,000 and sold it later that year for $79,900.