Fix - Relax and Flip

[Perry Hooks]

Investment Info:

Single-family residence fix & flip investment in Locust Grove.

Purchase price: $355,000
Cash invested: $100,000
Sale price: $610,000

Very nice home with dock on a man made lake. I really enjoyed renovating this one and took advantage of living there while waiting for the boating season to sell it.

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

Taking it to the next level

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

Lol This is great.Between flipping houses i help my son with his landscaping business and junk removal.i went to the home on a junk removal call to give a estimate.The customer did not live at the home and i got their early so i started circling around the house noting all the things i would do to it if i were to flip it, like i always do.When she arrived i looked at the junk in the garage and gave here a estimate and asked her if she was selling.She said yes, so i made a offer.

How did you finance this deal?

Owner Finance

How did you add value to the deal?

I gave her all the time she needed to move and helped move her belongings.

What was the outcome?

It was a big Win-Win

Lessons learned? Challenges?

You never know until you ask