Live and Flip, northern NJ

[Jack Flash]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $265,000
Cash invested: $151,000
Sale price: $460,000

Live and flip

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

Quality of life / change

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

MLS/ put in an offer

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Bought it as a distressed property and completely renovated bathroom kitchen flooring basement landscaping

What was the outcome?

Made a good return and learned a ton

Lessons learned? Challenges?

Patience is key. Don't stop.

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

Frank DeSantis at New Jersey lending. This guy knows how to make deals happen.

[Jack Flash]

@jacob malakoff

what was it like from a lifestyle standpoint?

My wife and I had a 2-year-old, and she was pregnant with our son who was due in June. It was the craziest times of our lives. It was very difficult. We actually lived in a very small home, as we renovated the other house. I sold the house for sale by owner, and used a buyer's agent. We only had approximately 9 weeks to do all the renovations to make it livable. It was very stressful because we had shiesty contractors. It was totally worth it in the end. I'll do it again in a heartbeat. Teaming up with my wife in real estate has been the best thing for our relationship. I'm a full-time nurse and she's a full-time stay-at-home mom. If we can do it anyone can do it.