First Flip Back in 2016

[Stephen Smith]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $187,500
Cash invested: $30,000
Sale price: $286,900

Bought my first property in 2016. Lived in and flipped over the next two and a half years, while working 40 hour work week. Did majority of the work myself with help from family and friends. Never thought I would make what I did on it.

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

I didn’t want to rent anymore and was up for the challenge of doing a flip.

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

Zero down through and RD loan in TN.

How did you finance this deal?

The bank

How did you add value to the deal?

Complete flip.

What was the outcome?

Profited $70K