My first flip EVERRR

[Douglas Gratz]

Investment Info:

Single-family residence fix & flip investment in Doylestown.

Purchase price: $260,000
Cash invested: $120,000
Sale price: $445,000

So this was my first flip and my first and only attempt to get into the business. I say only, because it got me in! Anyway great first property and I learned alot. I ended up having a friend who has done flips before. I offered him 30% of all profits and he didnt have to put up any money. He just had to teach me. Most would say, it was stupid % but without him I would be nowhere

Lessons learned? Challenges?

Check if property has Public Sewer or Septic. I ended up paying an extra 20K to replace septic and i was not happy