House Hacking / Fix & Flip

[John Burkholder]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $100,000
Cash invested: $40,000
Sale price: $186,000

Purchased a set of fixer uppers on Ohio River, both for $100k. Purchase included 2 homes: one, a manufactured 3 bed / 3 bath A-frame which would serve as my wife I's primary residence for 5 years & the second, a 2 bed / 1 bath home built in the 1930s. Sold off the 2 bed home for $43k to another investor. Spent around $40k on the 3 Bed home to fix foundation issues, replace roof, as well as other minor updates while we resided in home. Sold this home for $143,000.

How did you finance this deal?

Local lender / conventional 15 year loan