Houston Fix And Flip

[Jorge Garcia]

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $72,000
Cash invested: $21,000
Sale price: $152,000

My First Fix & Flip at 22 years old. I learned so much through this project and I am grateful for all the mistakes I made.

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

This house had a detached two-car garage turned into a small studio with kitchen, restroom, and bedroom. Unfortunately the garage caught on fire and caught 1/4 of the house which turned out to be master bedroom and kitchen. Seller was motivated to sell. It had good margins where even if the deal went bad I can still come out on top.

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

A wholesaler brought it to my attention.

How did you finance this deal?

Hard money loan.

How did you add value to the deal?

Complete remodel

Lessons learned? Challenges?

New FEMA regulations