House Flip Project For Newbies To The Real Estate Investing World

[Andrea Owens]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $48,859
Cash invested: $10,000
Sale price: $96,000

Flip house

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

Financial gain

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

HUD-had Realtor bid about 70% of their list price and increase offer by dollar a day until eventually they came back and countered at the purchase price.

How did you finance this deal?

Hud Homestore

How did you add value to the deal?

Tons of sweat equity

What was the outcome?

Success! We made about $28000+ after all fees

Lessons learned? Challenges?

Learned some serious lessons about unpermitted work previously done

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nope