Actual Flip House done by a Local House Flipper

[Sheharyar Shaikh]

H

Investment Info:

Single-family residence fix & flip investment in Lumberton.

Purchase price: $236,000
Cash invested: $50,000
Sale price: $430,000

Newer construction house requiring a complete rehab. We do 20+ of these per year.

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

Overall risk and return

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

Thru a Broker

How did you finance this deal?

Cash

How did you add value to the deal?

Rehabbed the entire house

What was the outcome?

Above asking sale in 10 days.

Lessons learned? Challenges?

Further streamlined my execution

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

Yes, worked my usual broker but I'm here on BP to expand our network.