first flip completed

[Lucas Davidson]

Investment Info:

Single-family residence fix & flip investment in Fostoria.

Purchase price: $1
Cash invested: $43,500
Sale price: $64,500

fire house

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

i was in the middle of flipping my first house, my uncle called and asked if i wanted another house. one of his vacant rental houses he was trying to sell had caught fire.

How did you finance this deal?

material on credit card

How did you add value to the deal?

made everything like new

Lessons learned? Challenges?

the city held my uncles insurance money until i was finished with the rehab, even thou it had been transferred to my name.
was a major learning experience working with the city and fire department, I believe it was a learning experience for the city as well.

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

realtor to sell