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Updated over 5 years ago,

User Stats

45
Posts
15
Votes
Ryan Janssen
  • Flipper/Rehabber
  • Elm Grove
15
Votes |
45
Posts

Our Investor Made $675 a month for 4 Months!

Ryan Janssen
  • Flipper/Rehabber
  • Elm Grove
Posted

Investment Info:

Single-family residence fix & flip investment in Menomonee Falls.

Purchase price: $178,000
Cash invested: $170,000
Sale price: $322,500

Fix and flip, the investor got fat on this one because it was a year project and we paid him 10% APR. The investor made $1,483 a month for a year! We put over a 100 grand in this property and I made very little due to sales expense and investor income. This is a property that I learned a great deal about this business and how doing everything to a home in a flip may not be the best investment. We added a new roof, furnace, siding, windows, concrete driveway, updated the kitchen, master bathroom, added carpet and flooring throughout. This was a negative project for me but I did earn a lifetime investor!