First accidental flip

[Nathan Shepard]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $130,000
Cash invested: $25,000
Sale price: $195,000

4 Bed 3 Bath house, bought on foreclosure as a primary residence. During the 2+ years living here and rehabbing the property I gained an interest in Real Estate Investments at which point this house was sold to obtain a BRRRR type investment property.

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

First home purchase, did not want to pay rent

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

Bank foreclosure bought through HubZu

How did you finance this deal?

FHA Loan

How did you add value to the deal?

Some minor needed structural repairs, cosmetic updates throughout duration of habitation.

What was the outcome?

Realizing the benefits Real Estate can bring!

Lessons learned? Challenges?

Its ok to hire out a job, its better to be done right than done cheap. That being said, don't be afraid to jump in and learn how to do some of the work yourself!
Kitchens/Bathrooms can make or break a home