Latest flip in eastern MA

[Tony Molina]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $117,000
Cash invested: $97,000
Sale price: $330,000

Found nice house to flip on auction

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

We do a coupe of flips per year to generate cash to buy mulitis

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

auction website

How did you finance this deal?

cash

How did you add value to the deal?

new HVAC, electric panel, recessed lights, added bathroom, tiled bathrooms, opened up kitchen, new cabinets and appliances, granite counter tops, refinished floors.

What was the outcome?

Sold for a profit

Lessons learned? Challenges?

Everything always takes a little longer than you want