Las Vegas Flip, Did our own rehab, made 57k

[Sergio Vega]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $140,000
Cash invested: $23,000
Sale price: $239,000

Fix and Flip Property in Las Vegas.

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

I found this deal through a real estate agent, he brought me the deal on social media.

How did you finance this deal?

I financed this deal through a HELOC, personal savings and a personal loan from a friend

How did you add value to the deal?

Renovated interior and exterior

What was the outcome?

57k profit

Lessons learned? Challenges?

We did the rehab so our rehab cost were down about 40%.
Lessons learned is organize your rehab as much as possible.
Purchase the rehab with the most about of spread as possible.

[Jennifer Williams]

Fantastic job! It's great that you were able to do the rehab yourself. What all did you rehab in the home?