Off-Market Fix and Flip

[Tyler Mundy]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $141,000
Cash invested: $40,000
Sale price: $258,100

I got this home off market through direct mail and by texting the seller. After a lengthy negotiation, I was able to purchase it and renovate it. The renovation took about six weeks, and the home received multiple offers the first weekend. Overall, this project went better than expected (which is rare lol).

How did you finance this deal?

I financed this deal by partnering with my parents, who funded it. We split the profit 50/50.

What was the outcome?

We made around $50,000 in profit, after all expenses. I split this with my parents since they partnered with me on the deal.