Fix and flip property

[Joe Curry]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $50,000
Cash invested: $2,000
Sale price: $81,000

Wholesaler brought me this house. Only light repairs needed. FHA buyer had to wait 90 days to close again...

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

The numbers made sense

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

A wholesaler friend of mine brought it to me. I did not negotiate. It was a solid deal, I paid the man.

How did you finance this deal?

Cash

How did you add value to the deal?

Paint, siding and roof repairs. Minor work. 3 days with my crew

What was the outcome?

Sold on the MLS

Lessons learned? Challenges?

Give me more