1302 W 27th St. Independence, MO

[Robert Lomonte]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $43,000
Cash invested: $52,000
Sale price: $110,000

2 Bed 1 bath, completely remodeled, new electrical and plumbing.

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

The home was distressed and looked like a great way to start.

How did you finance this deal?

I had a friend that invested the 25% down that I needed to purchase through a local bank that does flip loans.

Lessons learned? Challenges?

Don't ever get a buyer before the house is complete