Fix and flip, 3 bedroom shared driveway

[Philip Breton]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $65,000
Cash invested: $60,000
Sale price: $165,000

3 bedroom flip.

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

Quick flip, cash

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

Off market deal, my brother was flipping the house next door.

How did you finance this deal?

5% down, private investor..

How did you add value to the deal?

Full gut.. everything was replaced… this house will have zero maintenance for years.

What was the outcome?

Sold within a week.

Lessons learned? Challenges?

Should have brrrr’d it..

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

Bought private, sold with realtor