Net Profit: $16,000 in two weeks!
This property is on Mountain View Rd in Phoenix. A student found this property using one of the methods that we teach. There were two duplexes on the property. They were both in bad shape – the roofs were leaking and the inside of each building were not in livable conditions. In this case we decided not to do the fix n’ flip ourselves and we wholesaled the property to another fix n’ flip investor for quick cash. After putting the property under contract we had a buyer within 3 days, but it took about two weeks to close the deal. We purchased the property for $63,000 cash. There were no rehab costs since we sold it as is to another investor and the selling price was $79,000.