I got my first Fix and Flip!

[Nathaniel Hovsepian]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $26,000
Cash invested: $30,000

This is my first fix and flip project. It has asbestos in the floors and walls, and major termite damage to all the studs. It is going to be a complete gut job from the floor up. I am nervous, anxious, excited and determined to learn as much as I can and hopefully turn a profit on it.

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

I am trying to learn everything I can about taking a really bad house and turning it into a beautiful one so I can become an expert.

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

I found it through a PPC I ran and negotiating directly with the seller.

How did you finance this deal?

I paid cash through savings I have.

How did you add value to the deal?

I haven't added much value yet, but will be redoing the whole house from the ground up.

What was the outcome?

TBD