Port Charlotte Flip number 3

[Mike Terry]

Investment Info:

Single-family residence fix & flip investment in Port Charlotte.

Purchase price: $125,000
Cash invested: $50,000

Contributors:
Cliff Terry

Purchased from a wholesaler with partner . Brought in a cash investor for rehab and downpayment. Private lender for the balance. Needs a complete rehab inside including repipe, floors, 2 baths, kitchen, AC, trim and doors. Outside pool resurface and new equipment.

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

Brought to our attention by a wholesaler. WE have done a similar home in similar neighborhood and it has been aour bet deal so far.

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

wholesaler

How did you finance this deal?

Purchase with equity in our company from Self directed IRA

How did you add value to the deal?

Complete rehad

What was the outcome?

In Progress