Miami Gardens Flip 2 years in the making

[Joshua Malenfant]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $45,000
Sale price: $215,000

After 2 years, me and my 2 partners flipped our first home. It started out when I met one of my partners who had a family member that had past a few years back. He found out there was a home here in Miami that was owned by the family member that had past. It had been sitting collecting dust over the past 5 years. After 2 years working with lawyers, and keeping squatters out of the home, we were finally able to get title in order to sell. We sold it to a cash investor for a 6 figure profit!