Subject-to Flip: $85K Profit

[Nate Tew]

Investment Info:

Single-family residence fix & flip investment in West Valley.

Purchase price: $155,000
Cash invested: $10,000
Sale price: $255,000

This was purchased subject-to with paying the seller $3K upfront and an additional $12K upon the resale. We put $7K of repairs into it. Simple and straight forward.

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

These are the best. Simple, not a ton of work on the front and back end. Minimal repairs, etc.

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

This seller called our Buy Homes phone number from Google. He was very interested in selling and did not want the hassle of listing. I sat with him and discovered his needs/wants. I met all of them and the deal was done! The best part was we paid $12K of the $15K down after the resale.

How did you finance this deal?

Subject-to