All Forum Posts by: Derek Zasaretti

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $15,000
Cash invested: $20,000
Sale price: $65,000

Property was never updated and trashed. I installed new flooring, tile surrounds, fixtures and roof to name a few items.

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

I started with the flip shows to give me the resell concept. This added to my construction know how.

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

I am a broker so I run my own numbers. It was going to be a rental at first but a property sold in the next block really fast so I took a chance.

How did you finance this deal?

Cash and a hardmoney loan.

How did you add value to the deal?

Added my broker skills to find a good property. Used my renovation skills.

What was the outcome?

Nice payday.

Lessons learned? Challenges?

Challenges was actually finding good subcontractors. Once I repaired their mess. everything else went down hill.

Hello Everyone, I am a an investment oriented broker. I specialized in buy and hold, flips and wholesales just to name a few aspects of the game. I look forward to working with like minded individuals. I am always looking to learn new strategies and build upon the old ones. Always looking to build success and successful relationships. Even though I have 18 years in the game, the can never be a blind eye or closed ear to knowledge because there is always someone with 19 years in the game. Or the person with one day but has a new look on real estate/ So you can always learn from someone.