A very successful flip of a property bought at Tax Deed auction

[Randy Odegaard]

Investment Info:

Single-family residence fix & flip investment in Spring Hill.

Purchase price: $15,000
Cash invested: $94,702
Sale price: $199,000

See listing: https://www.zillow.com/homes/11443-Pike-Ave-Spring-Hill,-FL,-34609_rb/44832599_zpid/

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

we are tax deed investors

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

via tax deed listings in Hernando county. Bid on property - won at $15k

How did you finance this deal?

self financed

How did you add value to the deal?

Total rehab

What was the outcome?

rehabbed and flipped

Lessons learned? Challenges?

termite damage can be very expensive