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Updated over 4 years ago on . Most recent reply

User Stats

12
Posts
7
Votes
Mal'Lica Benton
  • Contractor
  • Florida
7
Votes |
12
Posts

My second flip was the real teacher

Mal'Lica Benton
  • Contractor
  • Florida
Posted

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?

wholesaler approached me with it

How did you finance this deal?

Hard money lender

How did you add value to the deal?

Renovated from top to bottom including roof, hvac, electrical , windows, flooring, doors, kitchen, bath, doors, etc

What was the outcome?

being placed on the market

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

Most Popular Reply

User Stats

589
Posts
251
Votes
Zachary Ray
  • Investor
  • Tampa, FL
251
Votes |
589
Posts
Zachary Ray
  • Investor
  • Tampa, FL
Replied

Sounds like a great experience. I have yet to do a flip so learning as much as I can before entering that arena. 

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