Splitting 50% with Investment Partner is not always a great deal.

[Mel Salinas]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $80,000
Cash invested: $42,000
Sale price: $168,000

Full remodel plus converting garage back into a garage; sales desc: Valley Beauty! More than the average remodel; extensively renovated home. 2019 NEW: Desert Rib Heavy Gauge Galvalum Roof, Furnace w/Ducting, Cooler, Water Heater, Plumbing, Electrical, 200Amp Service, Stucco w/full brown coat, NEW bath designs w/Kohler toilets, Opened Kitchen w/Frigidaire Steel Appli.-Stackable Wshr/ Dryr BONUS, Hampton Bay Cabinets, Apache Blk/Wht Porcelain bcksplsh pops Butcher Block Golden Teak Counters, LED

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

Experience with older pueblo style homes

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

MLS

How did you finance this deal?

Investment partner and HELOC

Lessons learned? Challenges?

In this one the investment partner put up the cash to purchase, but not rehab nor managed any of the remodel so wasn't such a great deal with a 50% split