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Updated over 5 years ago,
![Azra Rizvic's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1553731/1696295148-avatar-azrar.jpg?twic=v1/output=image/cover=128x128&v=2)
First Time Flipping a Foreclosure
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $69,000
Cash invested: $10,000
Sale price: $90,000
This was our first live-in flip. We bought the foreclosed condo in the worst condition. At the time, I could not envision it to be somewhere I'd live, let alone raise the baby that we were expecting later that year. With a little bit of encouragement, we jumped into the opportunity. Immediately after closing, we went to the home and started ripping out cabinets and carpets. Within 3 weeks, it was a whole new place. We ended up getting comfortable and staying there a couple years before selling..