Another Wilson Team Flip

[Debra Wilson]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $309,500
Cash invested: $80,000
Sale price: $463,000

Personal flip

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

High Profit

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

Was a short sale and negotiated with the bank

How did you finance this deal?

Short term loan and cash

How did you add value to the deal?

Helped a seller in financial trouble and made money after a lot of hard work.

What was the outcome?

The home sold in three days for $10K over list price with a waiver for appraisal value.

Lessons learned? Challenges?

People like new construction but not neighborhoods under construction, so find a home in a great neighborhood and make it compete with new and you will pull in top dollar and sell quickly.

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

We are the Wilson Team with FC Tucker, and we flip houses and work with investors.  http://www.debrasreaty.com