Updated over 5 years ago on . Most recent reply
1302 W 27th St. Independence, MO
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
