Stumbled Upon First Fix and Flip

[Conner Andrews]

Investment Info:

Single-family residence fix & flip investment in Charlotte.

Purchase price: $300,000
Cash invested: $45,000
Sale price: $411,000

3 Bed 1.5 Bath Ranch Style house. Turned it into a 3 bed 2 bath by knocking out a closet and tapping into existing plumbing. Worked on it with my parents over a 6 month period working everyday remodeled every inch of it.

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

I wanted to be in the neighborhood I bought the house in but couldn't afford anything but a fixer upper.

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

MLS

How did you finance this deal?

Conventional. House Hacked

How did you add value to the deal?

By remodeling every inch of it including new insulation in the crawl space and a vapor barrier.

What was the outcome?

Decided rather than living in it, it would be very profitable to sell it and reinvest in another home in the same neighborhood.

Lessons learned? Challenges?

I had no idea how to do anything myself and learned that youtube is an incredible source.