Central Phoenix Flip for $35k Profit

[Matthew Beans]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $149,000
Cash invested: $50,000
Sale price: $255,000

Bought this little 700 sqft house in central Phoenix on a small lot. It smelled terrible, and was infested with spiders and cockroaches. We blew out a few walls and did a full remodel. Looks beautiful now, and made a nice profit.

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

To build more capital

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

With a wholesaler.

How did you finance this deal?

Hard money loan

How did you add value to the deal?

Made it beautiful.

What was the outcome?

See the pics.

Lessons learned? Challenges?

Bookkeeping was a pain in the butt. So, I started a bookkeeping business specializing in Real Estate Investment bookkeeping. It's doing great!