First Flip Deal in Racine, Wisconsin

[Jason Runkel]

Investment Info:

Single-family residence fix & flip investment in Racine.

Purchase price: $65,000
Cash invested: $65,000

Our first flip in Racine.

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

Ultimately planning to use the BRRRR strategy but inability of getting financing due to being self employed led us to do a flip to build our systems and gain some experience.

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

We found this deal through a wholesaler and negotiated a price $10k under initial asking price.

How did you finance this deal?

We bought this deal with mostly cash and a small amount of private money.

How did you add value to the deal?

We have completely gutted and rehabbed the property.

What was the outcome?

We will find out soon!!!