Purchase price: $250,000 Cash invested: $20,000 Sale price: $350,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a quick flip on Owens Creek Road, Catheys Valley, CA.

Negotiate terms like purchase price, down payment, interest rate, and repayment schedule.3.

- Following that, purchase good quality furniture and decor.

These are 1-year, interest-only loans where the lender will finance 80-90% of the purchase price plus 100% of the rehab funds.

By “a lot” I mean 100% of the purchase price was offered as non-refundable earnest money.

Could you expand a little more on why you decided to purchase this property?

Why do you think purchase contracts are so long and have such small print?

I've been watching it closely myself as a potential for our next investment purchase.

Is this a purchase or refinance transaction?

Purchase price: $90,000 Cash invested: $50,000 Sale price: $235,700 My first flip What made you interested in investing in this type of deal?