Fix & flip in Chicago IL

[Antwon C.]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Chicago.

Purchase price: $135,000
Cash invested: $25,000
Sale price: $234,500

Fix and flip purchased for 55k renovation 78k sold 234,500

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

Off market

How did you finance this deal?

Fha 203k loan

How did you add value to the deal?

Renovation

What was the outcome?

Sold with multiple offers

Lessons learned? Challenges?

Working on a 5 unit now

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes