Thrasher Ct, Fort Worth, Flip and fix

[Justin Apple]

Investment Info:

Single-family residence fix & flip investment in Fort Worth.

Purchase price: $90,000
Cash invested: $25,000
Sale price: $178,000

4 bed, 2.5 bath, 2 car garage

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

high roi, "fast" money

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

friend of a friend wanted to sell, no negotiation needed.

How did you finance this deal?

20 percent down, conventional loan

How did you add value to the deal?

rehabbed the whole house, made it appealing to buyers

What was the outcome?

sold for good profit

Lessons learned? Challenges?

hiring out some of the work is worth it even if it takes a little of the profit. Don't take time to do all the work yourself.