Flip House in West Fargo

[Sierra Wendt]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $90,000
Cash invested: $100,000
Sale price: $240,000

I teamed up with local flippers called Haven Homes. We bought it for $90,000 with a caved in foundation.

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

Friends of Haven Homes

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

Haven Homes were friends with the owner.

How did you finance this deal?

Line of Credit

How did you add value to the deal?

I am adding value through my knowledge in Real Estate.

What was the outcome?

Selling it in September

Lessons learned? Challenges?

I learned how the whole process of flipping homes works.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Recommend Haven Homes and Western Bank.