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Updated about 4 years ago,
My second flip took me to school
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $48,500
Cash invested: $23,000
Sale price: $134,900
Fully renovated 3 bedroom 1 bath sfh
What made you interested in investing in this type of deal?
the neighborhood
How did you find this deal and how did you negotiate it?
a wholesaler
How did you finance this deal?
hard money loan
How did you add value to the deal?
completed renovated the home from top to bottom including roof, hvac, electrical
What was the outcome?
being placed on the market to sell
Lessons learned? Challenges?
Pull permits for everything. Be firm with subcontractors.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
paces funding and kingdom first reality