First Rehab then Flip Deal

[Gary K.]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,000
Cash invested: $10,000
Sale price: $100,000

Foreclosure deal, with a minor rehab.

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

Below market deal.

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

Foreclosure from Auction sale.

How did you finance this deal?

cash

How did you add value to the deal?

By interior paint, essential reno, foreclosure cleanup and new appliances.

What was the outcome?

about 10k profit

Lessons learned? Challenges?

pricing to high during my sale.

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

yes.